Ur Energy Inc (NYSEAMERICAN:URG) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Analysts have assigned an average recommendation of "Buy" to Ur Energy from six covering firms (five buys, one strong buy), with a consensus 1‑year price target of $2.35; HC Wainwright trimmed its target to $2.30 but maintained a buy rating.
• Institutional investors own about 57.51% of the stock and several funds added small new stakes recently; the shares opened at $1.55, the market cap is $596.7M, the P/E is negative (-7.75) and the 52‑week range is $0.55–$2.35.
• Ur‑Energy is a U.S. uranium mining company focused on in‑situ recovery (ISR) techniques, with the Lost Creek project in Wyoming as its flagship asset in commercial production since 2013.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE have been assigned an average recommendation of "Buy" from the six ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $2.35.

Separately, HC Wainwright reduced their target price on Ur Energy from $2.60 to $2.30 and set a "buy" rating for the company in a report on Thursday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bravias Capital Group LLC purchased a new stake in Ur Energy during the third quarter worth $27,000. Stratos Wealth Advisors LLC acquired a new position in shares of Ur Energy during the 3rd quarter worth $32,000. TD Waterhouse Canada Inc. raised its stake 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 worth $33,000 after buying an additional 19,700 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of Ur Energy in the 3rd quarter worth about $36,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Ur Energy in the 2nd quarter valued at about $38,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Trading Up 0.6%

NYSEAMERICAN URG opened at $1.55 on Thursday. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $596.70 million, a P/E ratio of -7.75 and a beta of 0.78. Ur Energy has a 52-week low of $0.55 and a 52-week high of $2.35. The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.56.

About Ur Energy

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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