Ur Energy (NYSEAMERICAN:URG) Sets New 1-Year High - Time to Buy?

Key Points

• Ur Energy Inc shares reached a new 52-week high of $1.62, with the last recorded price being $1.57 following a trading volume of over 5.3 million shares.
• Analysts generally have a positive outlook on Ur Energy, with a consensus rating of "Buy" and an average target price of $2.48.
• Insider trading revealed that COO Steven M. Hatten sold 198,618 shares at an average price of $1.34, representing a significant 37.95% decrease in ownership.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE hit a new 52-week high on Wednesday . The stock traded as high as $1.62 and last traded at $1.57, with a volume of 5300898 shares. The stock had previously closed at $1.37.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on URG. Maxim Group started coverage on Ur Energy in a report on Friday, July 25th. They issued a "buy" rating and a $3.00 price objective on the stock. B. Riley initiated coverage on Ur Energy in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $2.00 target price for the company. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Ur Energy currently has an average rating of "Buy" and a consensus target price of $2.48.

Ur Energy Price Performance

The company has a market capitalization of $536.30 million, a P/E ratio of -8.65 and a beta of 0.98. The company has a fifty day moving average price of $1.26 and a 200 day moving average price of $0.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 2.49.

Insider Activity at Ur Energy

In other news, COO Steven M. Hatten sold 198,618 shares of the stock in a transaction on Monday, August 25th. The stock was 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 in the company, valued at approximately $435,198.50. This represents a 37.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.86% of the company's stock.

Institutional Investors Weigh In On Ur Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in Ur Energy by 40.5% during the fourth quarter. Wells Fargo & Company MN now owns 187,314 shares of the basic materials company's stock worth $215,000 after buying an additional 54,040 shares in the last quarter. Barclays PLC grew its position in Ur Energy by 10.4% during the fourth quarter. Barclays PLC now owns 579,684 shares of the basic materials company's stock worth $666,000 after buying an additional 54,818 shares in the last quarter. MetLife Investment Management LLC grew its position in Ur Energy by 18.5% during the fourth quarter. MetLife Investment Management LLC now owns 237,040 shares of the basic materials company's stock worth $273,000 after buying an additional 37,084 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Ur Energy by 178.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock worth $40,000 after buying an additional 22,395 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Ur Energy by 24.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 141,334 shares of the basic materials company's stock worth $163,000 after buying an additional 27,596 shares in the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

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.