Ur Energy Inc (NYSEAMERICAN:URG) Given Consensus Rating of “Buy” by Analysts

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

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

Ur Energy Stock Down 4.2%

URG opened at $1.38 on Friday. The stock has a market cap of $521.52 million, a price-to-earnings ratio of -6.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.89 and a current ratio of 7.85. The firm’s fifty day moving average is $1.53 and its 200 day moving average is $1.32. Ur Energy has a fifty-two week low of $0.55 and a fifty-two week high of $2.35.

Insiders Place Their Bets

In other news, President Matthew David Gili acquired 155,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of $1.21 per share, with a total value of $187,550.00. Following the acquisition, the president directly owned 155,000 shares of the company’s stock, valued at approximately $187,550. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jade Walle bought 144,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were purchased at an average price of $1.27 per share, with a total value of $182,880.00. Following the completion of the transaction, the vice president directly owned 144,000 shares in the company, valued at approximately $182,880. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 1,056,661 shares of company stock worth $1,558,263. Insiders own 1.86% of the company’s stock.

Hedge Funds Weigh In On Ur Energy

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

About Ur Energy

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.