Ur Energy Inc (NYSEAMERICAN:URG) Receives Average Rating of “Buy” 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 firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $2.5667.

A number of analysts have weighed in on the stock. Roth Mkm restated a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. Canaccord Genuity Group assumed coverage on shares of Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 price objective for the company. Northland Securities set a $2.35 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright restated a “buy” rating and set a $2.30 price objective on shares of Ur Energy in a research note on Monday, April 27th. Finally, B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th.

Institutional Trading of Ur Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. CTC Alternative Strategies Ltd. bought a new stake in Ur Energy during the 1st quarter valued at about $31,000. TD Waterhouse Canada Inc. increased 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 bought a new stake in shares of Ur Energy in the third quarter worth approximately $36,000. Earned Wealth Advisors LLC bought a new stake in shares of Ur Energy in the first quarter worth approximately $37,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Ur Energy in the second quarter worth approximately $38,000. 57.51% of the stock is currently owned by institutional investors.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.50 on Friday. Ur Energy has a 52-week low of $0.97 and a 52-week high of $2.35. The stock has a market capitalization of $596.00 million, a price-to-earnings ratio of -6.25 and a beta of 0.88. The company has a fifty day moving average of $1.67 and a 200-day moving average of $1.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44.

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.