Ur Energy Inc (NYSEAMERICAN:URG) Receives Consensus Recommendation of “Buy” from Brokerages

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.5667.

Several equities research analysts have recently issued reports on the company. Roth Mkm reaffirmed a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. Northland Securities set a $2.35 price target on Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Canaccord Genuity Group assumed coverage on Ur Energy in a research report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target on the stock.

Ur Energy Price Performance

Shares of NYSEAMERICAN:URG opened at $1.35 on Friday. Ur Energy has a 12 month low of $1.00 and a 12 month high of $2.35. The stock has a market cap of $536.40 million, a price-to-earnings ratio of -5.62 and a beta of 0.88. The stock’s 50 day moving average price is $1.66 and its 200 day moving average price is $1.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63.

Institutional Investors Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Azarias Capital Management L.P. grew its position in Ur Energy by 3.3% in the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock worth $19,391,000 after purchasing an additional 445,857 shares during the last quarter. Simcoe Capital LLC acquired a new stake in Ur Energy in the 4th quarter worth $2,173,000. Themes Management Co LLC acquired a new stake in Ur Energy in the 4th quarter worth $568,000. Hennion & Walsh Asset Management Inc. grew its position in Ur Energy by 183.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 400,881 shares during the last quarter. Finally, CenterBook Partners LP grew its position in Ur Energy by 153.7% in the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after purchasing an additional 6,458,113 shares during the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

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.