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

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $2.50.

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group began coverage on shares of Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 price objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $2.30 price objective on shares of Ur Energy in a research note on Monday.

Insider Buying and Selling at Ur Energy

In related news, VP Jade Walle purchased 107,900 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average price of $1.39 per share, with a total value of $149,981.00. Following the completion of the purchase, the vice president directly owned 251,900 shares in the company, valued at approximately $350,141. This trade represents a 74.93% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ur Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stratos Wealth Advisors LLC acquired a new stake in Ur Energy in the third quarter worth $32,000. TD Waterhouse Canada Inc. boosted its stake in Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares in the last quarter. Gabelli Funds LLC acquired a new stake in Ur Energy in the 3rd quarter valued at about $36,000. Envestnet Asset Management Inc. acquired a new stake in shares of Ur Energy during the 2nd quarter valued at $38,000. Finally, J.W. Cole Advisors Inc. increased its stake in Ur Energy by 96.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 14,500 shares in the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur Energy Stock Up 6.5%

Shares of NYSEAMERICAN URG opened at $1.79 on Friday. The company has a market capitalization of $711.22 million, a P/E ratio of -8.95 and a beta of 0.84. Ur Energy has a 1 year low of $0.67 and a 1 year high of $2.35. The company has a 50 day simple moving average of $1.57 and a 200-day simple moving average of $1.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 4.56.

Ur Energy Company Profile

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.