Ur Energy (NYSEAMERICAN:URG) Shares Up 14.3% – Should You Buy?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE)’s stock price shot up 14.3% during trading on Monday . The company traded as high as $1.75 and last traded at $1.7950. 2,050,936 shares were traded during trading, a decline of 78% from the average session volume of 9,357,980 shares. The stock had previously closed at $1.57.

Analyst Ratings Changes

A number of brokerages have recently commented on URG. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. HC Wainwright restated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Canaccord Genuity Group assumed coverage on Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 price target on the stock. Roth Mkm restated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $2.57.

Ur Energy Trading Down 5.5%

The company has a market capitalization of $615.86 million, a PE ratio of -6.46 and a beta of 0.88. The company’s fifty day moving average is $1.67 and its 200-day moving average is $1.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63.

Hedge Funds Weigh In On Ur Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Azarias Capital Management L.P. grew its stake in Ur Energy by 3.3% in 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 purchasing an additional 445,857 shares during the last quarter. Simcoe Capital LLC purchased a new position in Ur Energy in the fourth quarter worth $2,173,000. Themes Management Co LLC purchased a new position in Ur Energy in the fourth quarter worth $568,000. Hennion & Walsh Asset Management Inc. grew its holdings in Ur Energy by 183.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 400,881 shares during the last quarter. Finally, CenterBook Partners LP grew its holdings in Ur Energy by 153.7% in the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after purchasing an additional 6,458,113 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

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.