Ur Energy (NYSEAMERICAN:URG) Reaches New 12-Month High - Still a Buy?

Key Points

• Ur Energy achieved a new 52-week high, trading at $1.64, with a significant volume of over 10 million shares exchanged.
• Multiple analysts have issued a buy rating for Ur Energy's stock, with target prices ranging from $2.00 to $3.00, resulting in an average price target of $2.48.
• Institutional ownership has increased significantly, with several hedge funds boosting their holdings, resulting in them owning over 57% of the company's stock.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE hit a new 52-week high during trading on Friday . The stock traded as high as $1.62 and last traded at $1.64, with a volume of 10467306 shares traded. The stock had previously closed at $1.51.

Analyst Ratings Changes

URG has been the topic of a number of research reports. Maxim Group initiated coverage on shares of Ur Energy in a research report on Friday, July 25th. They set a "buy" rating and a $3.00 target price on the stock. B. Riley started coverage on shares of Ur Energy in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $2.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $2.48.

Ur Energy Trading Up 3.6%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 3.36. The firm has a 50-day moving average of $1.36 and a 200-day moving average of $1.01. The firm has a market capitalization of $627.96 million, a P/E ratio of -10.06 and a beta of 0.98.

Insider Buying and Selling

In other Ur Energy news, COO Steven M. Hatten sold 198,618 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $1.34, for a total transaction of $266,148.12. Following the completion of the sale, the chief operating officer owned 324,775 shares of the company's stock, valued at $435,198.50. This represents a 37.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ur Energy

Several hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC boosted its holdings in Ur Energy by 35.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 8,879 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Ur Energy in the 2nd quarter worth about $38,000. Envestnet Asset Management Inc. bought a new stake in shares of Ur Energy during the 2nd quarter valued at about $38,000. Ritholtz Wealth Management bought a new stake in shares of Ur Energy during the 2nd quarter valued at about $44,000. Finally, Creative Planning bought a new position in Ur Energy in the second quarter worth about $47,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.