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

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given a consensus rating of “Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $2.41.

A number of equities analysts have commented on URG shares. 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 research report on Tuesday, November 4th. Northland Securities began coverage on Ur Energy in a report on Monday, October 27th. They issued an “outperform” rating and a $2.15 target price on the stock.

Insider Transactions at Ur Energy

In other Ur Energy news, President Matthew David Gili acquired 155,000 shares of Ur Energy stock in a transaction on Friday, November 14th. The shares were bought at an average price of $1.21 per share, with a total value of $187,550.00. Following the completion of the purchase, the president owned 155,000 shares in the company, valued at $187,550. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jade Walle bought 144,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of $1.27 per share, for a total transaction of $182,880.00. Following the acquisition, the vice president directly owned 144,000 shares of the company’s stock, valued at approximately $182,880. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 590,660 shares of company stock worth $760,407. 3.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ur Energy

Several hedge funds have recently added to or reduced their stakes in URG. Bravias Capital Group LLC bought a new stake in Ur Energy during the 3rd quarter worth about $27,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Ur Energy during the 3rd quarter worth approximately $32,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of 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 worth $36,000 after buying an additional 8,879 shares during the last quarter. Gabelli Funds LLC acquired a new position in Ur Energy in the third quarter valued at approximately $36,000. Finally, Atria Wealth Solutions Inc. bought a new position in Ur Energy in the second quarter valued at approximately $38,000. Institutional investors own 57.51% of the company’s stock.

Ur Energy Price Performance

Shares of URG stock opened at $1.87 on Monday. The stock’s fifty day simple moving average is $1.47 and its 200 day simple moving average is $1.47. Ur Energy has a one year low of $0.55 and a one year high of $2.35. The firm has a market cap of $706.69 million, a price-to-earnings ratio of -8.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.85 and a quick ratio of 5.89.

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.