Ur Energy Inc (NYSEAMERICAN:URG) Receives $2.57 Consensus PT from Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given a consensus recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2.5667.

A number of equities analysts recently commented on URG shares. Northland Securities set a $2.35 price objective on Ur Energy in a research note on Tuesday, May 12th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Canaccord Genuity Group started coverage on Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target on the stock. HC Wainwright reissued a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Finally, Roth Mkm reissued a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th.

Insider Activity at Ur Energy

In other news, VP Jade Walle acquired 107,900 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the acquisition, the vice president directly owned 251,900 shares in the company, valued at $350,141. The trade was a 74.93% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently modified their holdings of URG. CTC Alternative Strategies Ltd. bought a new stake in shares of Ur Energy during the first quarter valued at approximately $31,000. Stratos Wealth Advisors LLC bought a new stake in Ur Energy during the third quarter worth $32,000. TD Waterhouse Canada Inc. grew its holdings in Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after buying an additional 19,700 shares in the last quarter. Gabelli Funds LLC bought a new stake in Ur Energy during the third quarter worth $36,000. Finally, Earned Wealth Advisors LLC bought a new stake in Ur Energy during the first quarter worth $37,000. Institutional investors own 57.51% of the company’s stock.

Ur Energy Price Performance

Ur Energy stock opened at $1.62 on Tuesday. The stock’s 50 day moving average is $1.61 and its 200 day moving average is $1.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The firm has a market cap of $643.67 million, a P/E ratio of -6.75 and a beta of 0.92. Ur Energy has a one year low of $0.74 and a one year high of $2.35.

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.