Ur-Energy (URG) Earns Hold Rating from Zacks Investment Research
Zacks Investment Research reiterated their hold rating on shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) in a research report released on Saturday.
According to Zacks, “Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. They have produced, packaged and shipped more than two million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate their LC East project area into the Lost Creek permits, and they have begun to submit applications for permits and licenses to construct and operate at their Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. “
URG has been the subject of several other research reports. HC Wainwright set a $2.00 price objective on shares of Ur-Energy and gave the company a buy rating in a research note on Monday, October 30th. B. Riley reiterated a buy rating on shares of Ur-Energy in a research note on Monday, November 6th. Roth Capital set a $2.00 price objective on shares of Ur-Energy and gave the company a buy rating in a research note on Monday, October 16th. Finally, ValuEngine upgraded shares of Ur-Energy from a hold rating to a buy rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average target price of $1.38.
Ur-Energy (URG) traded up $0.03 during trading hours on Friday, hitting $0.77. 744,534 shares of the stock traded hands, compared to its average volume of 539,963. The company has a market cap of $112.48, a price-to-earnings ratio of 38.40 and a beta of 0.95. Ur-Energy has a 12 month low of $0.50 and a 12 month high of $0.91.
In other Ur-Energy news, Director Paul Macdonell sold 68,763 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $0.69, for a total transaction of $47,446.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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