Brokerages Set Ur Energy Inc (NYSEAMERICAN:URG) Target Price at $2.35

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $2.35.

Separately, HC Wainwright cut their price objective on shares of Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a report on Thursday, March 12th.

Hedge Funds Weigh In On Ur Energy

A number of large investors have recently bought and sold shares of the stock. Bravias Capital Group LLC purchased a new stake in shares of Ur Energy during the 3rd quarter valued at $27,000. Stratos Wealth Advisors LLC purchased a new position in shares of Ur Energy in the 3rd quarter worth $32,000. TD Waterhouse Canada Inc. raised its position in shares of Ur Energy by 378.8% in the 4th 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 during the period. Gabelli Funds LLC purchased a new position in shares of Ur Energy in the 3rd quarter worth $36,000. Finally, Envestnet Asset Management Inc. acquired a new position in Ur Energy in the second quarter valued at $38,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Trading Down 4.8%

Shares of Ur Energy stock opened at $1.38 on Thursday. Ur Energy has a fifty-two week low of $0.55 and a fifty-two week high of $2.35. The business’s fifty day moving average is $1.67 and its two-hundred day moving average is $1.56. The company has a quick ratio of 4.56, a current ratio of 5.44 and a debt-to-equity ratio of 0.87. The firm has a market cap of $531.26 million, a PE ratio of -6.90 and a beta of 0.78.

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.