Ur Energy Inc (NYSEAMERICAN:URG) Given Average Recommendation of “Buy” by Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.41.

Several research firms have commented on URG. B. Riley raised their price objective on Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday, September 25th. 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 research report on Tuesday, September 23rd. Northland Securities began coverage on shares of Ur Energy in a research note on Monday, October 27th. They set an “outperform” rating and a $2.15 price objective on the stock. HC Wainwright reduced their price objective on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Finally, Northland Capmk upgraded Ur Energy to a “strong-buy” rating in a report on Sunday, October 26th.

Ur Energy Stock Performance

Shares of NYSEAMERICAN:URG opened at $1.38 on Friday. The firm has a market cap of $521.52 million, a PE ratio of -6.27 and a beta of 0.92. The firm’s 50 day simple moving average is $1.53 and its 200-day simple moving average is $1.32. Ur Energy has a one year low of $0.55 and a one year high of $2.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.89 and a current ratio of 7.85.

Insider Activity at Ur Energy

In other news, Director Gary C. Huber sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $1.29, for a total value of $64,500.00. Following the sale, the director directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jade Walle bought 144,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $1.27 per share, with a total value of $182,880.00. Following the transaction, the vice president directly owned 144,000 shares of the company’s stock, valued at $182,880. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 1,056,661 shares of company stock valued at $1,558,263 over the last 90 days. Company insiders own 1.86% of the company’s stock.

Institutional Trading of Ur Energy

Several hedge funds and other institutional investors have recently made changes to their positions in URG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ur Energy by 22.0% in 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 purchasing an additional 4,372,738 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Ur Energy during the 2nd quarter valued at about $240,000. Vident Advisory LLC lifted its holdings in shares of Ur Energy by 19.4% in 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 buying an additional 797,738 shares during the period. Nuveen LLC acquired a new position in shares of Ur Energy in the 1st quarter valued at about $539,000. Finally, Bailard Inc. purchased a new stake in shares of Ur Energy in the second quarter worth about $327,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

About Ur Energy

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.