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

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $2.41.

URG has been the topic of several recent research reports. Northland Capmk upgraded Ur Energy to a “strong-buy” rating in a research report on Sunday, October 26th. HC Wainwright dropped their price objective on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Northland Securities initiated coverage on shares of Ur Energy in a research note on Monday, October 27th. They issued an “outperform” rating and a $2.15 target price on the stock. Maxim Group initiated coverage on shares of Ur Energy in a report on Friday, July 25th. They set a “buy” rating and a $3.00 price target for the company. Finally, B. Riley raised their price target on shares of Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday, September 25th.

Ur Energy Stock Down 1.7%

Shares of NYSEAMERICAN:URG opened at $1.19 on Wednesday. The stock has a market capitalization of $447.26 million, a P/E ratio of -7.00 and a beta of 0.96. The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.27. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. Ur Energy has a 12-month low of $0.55 and a 12-month high of $2.35.

Insider Buying and Selling

In other Ur Energy news, Director Gary C. Huber sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $1.29, for a total value of $64,500.00. Following the completion of the sale, the director owned 541,609 shares in the company, valued at approximately $698,675.61. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John Cash sold 189,303 shares of Ur Energy stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $1.27, for a total value of $240,414.81. Following the completion of the sale, the chief executive officer owned 660,968 shares in the company, valued at approximately $839,429.36. This represents a 22.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,255,279 shares of company stock valued at $1,824,411 over the last ninety days. Corporate insiders own 1.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 buying an additional 4,372,738 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Ur Energy in the 2nd quarter worth about $240,000. Vident Advisory LLC lifted its position in Ur Energy by 19.4% during the 1st quarter. Vident Advisory LLC now owns 4,902,117 shares of the basic materials company’s stock valued at $3,284,000 after acquiring an additional 797,738 shares during the period. Nuveen LLC bought a new stake in Ur Energy during the first quarter worth about $539,000. Finally, Wellington Management Group LLP boosted its stake in Ur Energy by 51.3% during the first quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 25,786 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.