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

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $2.41.

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

Ur Energy Stock Up 10.1%

Ur Energy stock opened at $1.53 on Thursday. The firm’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.39. Ur Energy has a 1-year low of $0.55 and a 1-year high of $2.35. The company has a market capitalization of $578.20 million, a P/E ratio of -6.95 and a beta of 0.81. The company has a current ratio of 7.85, a quick ratio of 5.89 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling

In other news, insider Penne A. Goplerud sold 226,630 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1.29, for a total value of $292,352.70. Following the transaction, the insider owned 430,608 shares in the company, valued at approximately $555,484.32. The trade was a 34.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Cash sold 189,303 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $1.27, for a total transaction of $240,414.81. Following the sale, the chief executive officer directly owned 660,968 shares in the company, valued at $839,429.36. This trade represents a 22.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 590,660 shares of company stock valued at $760,407 over the last quarter. 1.86% of the stock is currently owned by company insiders.

Institutional Trading of Ur Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its position in shares of Ur Energy by 1.6% during the third quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after purchasing an additional 624,842 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ur Energy by 22.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company’s stock valued at $16,477,000 after acquiring an additional 4,372,738 shares during the last quarter. Fourth Sail Capital LP raised its stake in shares of Ur Energy by 59.8% during the 2nd quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock worth $20,627,000 after purchasing an additional 7,348,764 shares during the period. Vident Advisory LLC raised its position in Ur Energy by 3.6% in the third quarter. Vident Advisory LLC now owns 6,286,428 shares of the basic materials company’s stock worth $11,253,000 after acquiring an additional 216,520 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Ur Energy by 1,111.5% in the third quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock valued at $7,748,000 after purchasing an additional 3,971,261 shares during the last quarter. 57.51% of the stock is owned by institutional investors.

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.