Analysts Set Ur Energy Inc (NYSEAMERICAN:URG) Price Target at $2.41

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has received a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.41.

Several research analysts have recently weighed in on the stock. HC Wainwright dropped their target price on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Northland Capmk upgraded shares of Ur Energy to a “strong-buy” rating in a research report on Sunday, October 26th. Northland Securities initiated coverage on shares of Ur Energy in a research note on Monday, October 27th. They set an “outperform” rating and a $2.15 target price on the stock. B. Riley raised their target price on Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Finally, Roth Capital lifted their price target on Ur Energy from $1.60 to $1.80 and gave the company a “buy” rating in a report on Tuesday, September 23rd.

Ur Energy Stock Performance

Shares of NYSEAMERICAN URG opened at $1.64 on Thursday. The stock’s fifty day simple moving average is $1.37 and its 200 day simple moving average is $1.40. The stock has a market capitalization of $619.77 million, a price-to-earnings ratio of -7.45 and a beta of 0.81. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02. Ur Energy has a 52-week low of $0.55 and a 52-week high of $2.35.

Insider Activity at Ur Energy

In related news, Director Kathy E. Walker sold 74,727 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $1.32, for a total transaction of $98,639.64. Following the transaction, the director directly owned 555,840 shares of the company’s stock, valued at approximately $733,708.80. The trade was a 11.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Cash sold 189,303 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $1.27, for a total transaction of $240,414.81. Following the completion of the sale, the chief executive officer owned 660,968 shares of the company’s stock, valued at approximately $839,429.36. The trade was a 22.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 590,660 shares of company stock worth $760,407. Company insiders own 1.86% of the company’s stock.

Hedge Funds Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in Ur Energy in the third quarter worth approximately $104,000. XTX Topco Ltd lifted its stake in shares of Ur Energy by 206.1% in the 3rd quarter. XTX Topco Ltd now owns 467,772 shares of the basic materials company’s stock valued at $837,000 after purchasing an additional 314,957 shares during the last quarter. Wexford Capital LP boosted its holdings in Ur Energy by 21.7% in the third quarter. Wexford Capital LP now owns 303,724 shares of the basic materials company’s stock worth $544,000 after purchasing an additional 54,124 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in Ur Energy by 168.5% in the third quarter. Susquehanna International Group LLP now owns 1,950,178 shares of the basic materials company’s stock worth $3,491,000 after purchasing an additional 1,223,724 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Ur Energy by 112.7% during the third quarter. Qube Research & Technologies Ltd now owns 1,652,834 shares of the basic materials company’s stock worth $2,959,000 after buying an additional 875,832 shares during the last quarter. Institutional investors own 57.51% of the company’s stock.

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.