Ur-Energy Inc. (NYSEAMERICAN:URG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) have earned an average rating of “Buy” from the four analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $2.77.

A number of equities research analysts recently commented on the stock. Ventum Cap Mkts upgraded shares of Ur-Energy to a “strong-buy” rating in a research report on Monday, July 8th. HC Wainwright decreased their price target on Ur-Energy from $3.30 to $3.20 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Roth Mkm cut their price objective on Ur-Energy from $2.20 to $2.10 and set a “buy” rating for the company in a research report on Thursday, May 9th.

Insider Buying and Selling

In other news, Director Robby Sai Kit Chang sold 73,474 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $1.38, for a total transaction of $101,394.12. Following the completion of the sale, the director now owns 73,572 shares in the company, valued at approximately $101,529.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robby Sai Kit Chang sold 73,474 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $1.38, for a total transaction of $101,394.12. Following the transaction, the director now directly owns 73,572 shares of the company’s stock, valued at approximately $101,529.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James M. Franklin sold 56,305 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total transaction of $89,524.95. Following the transaction, the director now directly owns 616,133 shares in the company, valued at $979,651.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,879 shares of company stock valued at $279,266. Insiders own 3.29% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of URG. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ur-Energy by 8.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock valued at $23,892,000 after acquiring an additional 1,260,419 shares in the last quarter. Van ECK Associates Corp lifted its stake in Ur-Energy by 19.1% during the fourth quarter. Van ECK Associates Corp now owns 1,044,167 shares of the basic materials company’s stock worth $1,608,000 after purchasing an additional 167,335 shares during the last quarter. Jump Financial LLC bought a new position in Ur-Energy during the fourth quarter worth $109,000. Verity Asset Management Inc. boosted its holdings in Ur-Energy by 6.4% in the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 12,005 shares during the period. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in shares of Ur-Energy by 3.6% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after purchasing an additional 78,440 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur-Energy Stock Performance

NYSEAMERICAN:URG remained flat at $1.01 during midday trading on Friday. 2,766,374 shares of the company were exchanged, compared to its average volume of 3,599,836. The stock has a market cap of $298.13 million, a price-to-earnings ratio of -5.26 and a beta of 1.12. Ur-Energy has a 1 year low of $0.96 and a 1 year high of $2.01.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.