Ur Energy Inc (NYSEAMERICAN:URG) Receives $2.35 Average PT from Brokerages

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has received an average rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $2.35.

Separately, HC Wainwright dropped their target price on Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a research report on Thursday.

Ur Energy Stock Performance

URG opened at $1.60 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 5.89. The firm has a fifty day moving average price of $1.68 and a 200 day moving average price of $1.56. Ur Energy has a 1 year low of $0.55 and a 1 year high of $2.35. The stock has a market cap of $615.95 million, a P/E ratio of -8.00 and a beta of 0.78.

Hedge Funds Weigh In On Ur Energy

Large investors have recently added to or reduced their stakes in the stock. Bravias Capital Group LLC purchased a new position in Ur Energy during the third quarter valued at $27,000. Stratos Wealth Advisors LLC acquired a new position in shares of Ur Energy during the third quarter valued at approximately $32,000. Gabelli Funds LLC purchased a new position in shares of Ur Energy in the third quarter valued at approximately $36,000. TD Waterhouse Canada Inc. lifted its position in shares of Ur Energy by 378.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Old West Investment Management LLC boosted its stake in shares of Ur Energy by 63.1% in the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 10,660 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.