Ur Energy Inc (NYSEAMERICAN:URG) Given Average Rating of “Buy” by Brokerages

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $2.41.

Several equities analysts have recently issued reports on the company. HC Wainwright decreased their target price on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Northland Securities assumed 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.

Insider Activity at Ur Energy

In other news, President Matthew David Gili purchased 155,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was bought at an average price of $1.21 per share, with a total value of $187,550.00. Following the acquisition, the president directly owned 155,000 shares of the company’s stock, valued at approximately $187,550. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathy E. Walker sold 74,727 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $1.32, for a total transaction of $98,639.64. Following the completion of the sale, the director owned 555,840 shares of the company’s stock, valued at approximately $733,708.80. This represents a 11.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 590,660 shares of company stock valued at $760,407. 3.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ur Energy

Several large investors have recently modified their holdings of URG. Bravias Capital Group LLC acquired a new stake in shares of Ur Energy during the third quarter worth about $27,000. Stratos Wealth Advisors LLC bought a new stake in Ur Energy during the 3rd quarter worth approximately $32,000. Vanguard Personalized Indexing Management LLC raised its holdings in Ur Energy by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock worth $36,000 after buying an additional 8,879 shares during the period. Gabelli Funds LLC acquired a new stake in Ur Energy during the 3rd quarter worth approximately $36,000. Finally, Atria Wealth Solutions Inc. bought a new position in Ur Energy in the second quarter valued at approximately $38,000. 57.51% of the stock is currently owned by institutional investors.

Ur Energy Stock Down 2.1%

NYSEAMERICAN:URG opened at $1.87 on Monday. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02. Ur Energy has a 12-month low of $0.55 and a 12-month high of $2.35. The stock’s fifty day simple moving average is $1.47 and its 200-day simple moving average is $1.47. The firm has a market capitalization of $706.69 million, a P/E ratio of -8.50 and a beta of 0.81.

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.