Ur Energy Inc (NYSEAMERICAN:URG) Receives Average Rating of “Buy” from Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given an average recommendation of “Buy” by the six brokerages that are 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 12-month price target among analysts that have covered the stock in the last year is $2.35.

Separately, HC Wainwright lowered their target price on shares of Ur Energy from $2.60 to $2.30 and set a “buy” rating on the stock in a research note on Thursday.

Ur Energy Price Performance

Shares of URG opened at $1.44 on Thursday. The firm has a market capitalization of $554.36 million, a price-to-earnings ratio of -7.20 and a beta of 0.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 4.56 and a current ratio of 5.44. Ur Energy has a one year low of $0.55 and a one year high of $2.35. The stock’s fifty day moving average is $1.68 and its 200-day moving average is $1.56.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bravias Capital Group LLC bought a new stake in Ur Energy during the third quarter worth approximately $27,000. Stratos Wealth Advisors LLC bought a new position in Ur Energy during the 3rd quarter valued at $32,000. TD Waterhouse Canada Inc. increased its position in shares of Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares during the period. Gabelli Funds LLC acquired a new position in shares of Ur Energy during the 3rd quarter valued at $36,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Ur Energy in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

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.