Ur Energy Inc (NYSEAMERICAN:URG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been assigned a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.41.

Several research firms recently commented on URG. B. Riley increased their price objective on Ur Energy from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Thursday, September 25th. Northland Securities initiated coverage on Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 target price on the stock. Roth Capital upped their price target on shares of Ur Energy from $1.60 to $1.80 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Northland Capmk raised Ur Energy to a “strong-buy” rating in a research note on Sunday, October 26th. Finally, Maxim Group began coverage on shares of Ur Energy in a report on Friday, July 25th. They set a “buy” rating and a $3.00 price objective for the company.

Ur Energy Stock Down 0.8%

Shares of Ur Energy stock opened at $1.30 on Wednesday. The stock has a market capitalization of $488.61 million, a PE ratio of -7.65 and a beta of 0.96. Ur Energy has a 52-week low of $0.55 and a 52-week high of $2.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 3.36. The company has a 50-day simple moving average of $1.63 and a two-hundred day simple moving average of $1.26.

Insider Buying and Selling at Ur Energy

In related news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $1.34, for a total transaction of $266,148.12. Following the completion of the transaction, the chief operating officer directly owned 324,775 shares of the company’s stock, valued at approximately $435,198.50. The trade was a 37.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Roger L. Smith sold 252,087 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $1.68, for a total value of $423,506.16. Following the completion of the transaction, the chief financial officer directly owned 632,175 shares in the company, valued at $1,062,054. This trade represents a 28.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 739,346 shares of company stock valued at $1,162,643. Corporate insiders own 1.86% of the company’s stock.

Hedge Funds Weigh In On Ur Energy

Several institutional investors have recently made changes to their positions in URG. Bravias Capital Group LLC bought a new position in Ur Energy in the third quarter worth approximately $27,000. Stratos Wealth Advisors LLC acquired a new position in shares of Ur Energy in the 3rd quarter valued at about $32,000. Old West Investment Management LLC grew its position in shares of Ur Energy by 63.1% during the 3rd quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 10,660 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Ur Energy by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 8,879 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Ur Energy during the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.