Ur Energy Inc (NYSEAMERICAN:URG) Receives $2.57 Consensus Price Target from Brokerages

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.5667.

A number of research firms recently weighed in on URG. HC Wainwright restated a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Roth Mkm restated a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Canaccord Genuity Group began 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. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th.

Insiders Place Their Bets

In other news, VP Jade Walle acquired 107,900 shares of the stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the transaction, the vice president directly owned 251,900 shares of the company’s stock, valued at approximately $350,141. This represents a 74.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Azarias Capital Management L.P. increased its position in Ur Energy by 3.3% during the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock worth $19,391,000 after buying an additional 445,857 shares during the period. Alps Advisors Inc. increased its position in Ur Energy by 1.6% during the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after buying an additional 624,842 shares during the period. Themes Management Co LLC bought a new position in shares of Ur Energy in the fourth quarter worth $568,000. Simcoe Capital LLC bought a new position in shares of Ur Energy in the fourth quarter worth $2,173,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of 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 period. Institutional investors own 57.51% of the company’s stock.

Ur Energy Stock Up 5.6%

URG opened at $1.71 on Tuesday. Ur Energy has a 1-year low of $0.74 and a 1-year high of $2.35. The stock’s fifty day simple moving average is $1.62 and its 200 day simple moving average is $1.56. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The stock has a market cap of $679.43 million, a PE ratio of -7.12 and a beta of 0.88.

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.