Ur Energy Inc (NYSEAMERICAN:URG) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analyst consensus: Seven brokerages rate Ur Energy an average of "Buy" (six buy, one strong buy) with a 12‑month average target price of $2.50.
• Stock snapshot: shares opened at $1.52, trade in a 52‑week range of $0.55–$2.35, and the company has a market cap of about $604 million with a negative P/E of −7.6.
• Insider and institutional activity: VP Jade Walle acquired 107,900 shares at roughly $1.39 (a ~75% increase in their holdings), and institutional investors own about 57.51% of the company.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE have been assigned an average rating of "Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.50.

A number of brokerages recently commented on URG. HC Wainwright dropped their price objective on shares of Ur Energy from $2.60 to $2.30 and set a "buy" rating on the stock in a report on Thursday, March 12th. Canaccord Genuity Group began coverage on Ur Energy in a report on Thursday. They set a "buy" rating and a $3.25 target price for the company.

Ur Energy Stock Performance

Shares of URG stock opened at $1.52 on Monday. 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 52 week low of $0.55 and a 52 week high of $2.35. The company's 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.56. The company has a market capitalization of $603.94 million, a P/E ratio of -7.60 and a beta of 0.84.

Insider Buying and Selling at Ur Energy

In other news, VP Jade Walle acquired 107,900 shares of Ur Energy stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of $1.39 per share, with a total value of $149,981.00. Following the completion of the transaction, the vice president directly owned 251,900 shares of the company's stock, valued at approximately $350,141. This represents a 74.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Bravias Capital Group LLC acquired a new position in shares of Ur Energy during the 3rd quarter worth about $27,000. Stratos Wealth Advisors LLC acquired a new stake in shares of Ur Energy in the third quarter valued at about $32,000. TD Waterhouse Canada Inc. increased its position in shares of Ur Energy by 378.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 19,700 shares during the last quarter. Gabelli Funds LLC bought a new stake in Ur Energy during the third quarter worth about $36,000. Finally, Envestnet Asset Management Inc. bought a new stake in Ur Energy during the second quarter worth about $38,000. Institutional investors 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.

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