Insider Buying: Paul Macdonell Purchases 35,500 Shares of Ur-Energy Stock (URG)
Ur-Energy (NYSE:URG) Director Paul Macdonell bought 35,500 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of $1.23 per share, with a total value of $43,665.00. Following the completion of the purchase, the director now directly owns 156,492 shares of the company’s stock, valued at approximately $192,485. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Ur-Energy (NYSE:URG) traded down 2.42% on Monday, hitting $1.21. 991,117 shares of the company’s stock traded hands. Ur-Energy has a 52-week low of $0.92 and a 52-week high of $1.99. The stock has a 50-day moving average of $1.19 and a 200-day moving average of $1.34. The company’s market cap is $155.8 million.
URG has been the subject of a number of recent research reports. Analysts at Haywood Securities reiterated a “hold” rating on shares of Ur-Energy in a research note on Friday, May 23rd. They now have a C$1.80 price target on the stock. Separately, analysts at Dundee Securities cut their price target on shares of Ur-Energy from C$2.00 to C$1.90 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Finally, analysts at Roth Capital cut their price target on shares of Ur-Energy from $1.75 to $1.70 in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1.94.
Ur-Energy Inc (NYSE:URG) is an exploration-stage junior mining company.
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