Ur Energy Inc (NYSEAMERICAN:URG) Given Consensus Rating of “Buy” by Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has earned an average recommendation of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $2.5667.

A number of brokerages have recently commented on URG. Roth Mkm reiterated a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. HC Wainwright restated a “buy” rating and set a $2.30 target price on shares of Ur Energy in a research report on Monday, April 27th. Finally, Canaccord Genuity Group initiated coverage on shares of Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 target price for the company.

Ur Energy Stock Performance

Shares of URG stock opened at $1.50 on Friday. The company has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.60. Ur Energy has a 52 week low of $0.97 and a 52 week high of $2.35. The firm has a market capitalization of $596.00 million, a PE ratio of -6.25 and a beta of 0.88. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83.

Institutional Trading of Ur Energy

Large investors have recently added to or reduced their stakes in the business. Azarias Capital Management L.P. grew its position in Ur Energy by 3.3% during the fourth quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock valued at $19,391,000 after buying an additional 445,857 shares during the period. Simcoe Capital LLC bought a new stake in Ur Energy during the fourth quarter valued at approximately $2,173,000. Themes Management Co LLC bought a new stake in Ur Energy during the fourth quarter valued at approximately $568,000. Hennion & Walsh Asset Management Inc. grew its position in Ur Energy by 183.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock valued at $860,000 after buying an additional 400,881 shares during the period. Finally, CenterBook Partners LP grew its position in Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after buying an additional 6,458,113 shares during the period. 57.51% of the stock is currently owned by institutional investors.

About Ur Energy

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.