Ur Energy (NYSEAMERICAN:URG) Sets New 52-Week High - Time to Buy?

Key Points

• Ur Energy (NYSEAMERICAN:URG) has reached a new 52-week high, trading at $1.78 and closing at $1.75 with a significant volume of over 12 million shares.
• Multiple research analysts have upgraded their ratings for Ur Energy, with target prices set between $1.80 and $3.00, indicating a consensus average target price of $2.44.
• Insider selling is apparent as CFO Roger L. Smith and COO Steven M. Hatten have reduced their holdings significantly, indicating potential concerns about share performance moving forward.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE's stock price reached a new 52-week high on Friday . The stock traded as high as $1.78 and last traded at $1.75, with a volume of 12388679 shares trading hands. The stock had previously closed at $1.63.

Wall Street Analyst Weigh In

URG has been the subject of several recent research reports. Roth Capital lifted their target price on shares of Ur Energy from $1.60 to $1.80 and gave the company a "buy" rating in a report on Tuesday. Maxim Group initiated coverage on shares of Ur Energy in a report on Friday, July 25th. They set a "buy" rating and a $3.00 target price for the company. Finally, B. Riley lifted their target price on shares of Ur Energy from $2.00 to $2.50 and gave the company a "buy" rating in a report on Thursday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $2.44.

Ur Energy Stock Performance

The company has a market cap of $642.65 million, a PE ratio of -10.29 and a beta of 0.98. The firm's fifty day moving average is $1.38 and its 200 day moving average is $1.03. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Ur Energy

In related news, CFO Roger L. Smith sold 252,087 shares of the business's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $1.68, for a total value of $423,506.16. Following the completion of the sale, the chief financial officer owned 632,175 shares of the company's stock, valued at approximately $1,062,054. The trade was a 28.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven M. Hatten sold 198,618 shares of the company's 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 sale, the chief operating officer directly owned 324,775 shares of the company's stock, valued at $435,198.50. The trade was a 37.95% decrease in their position. The disclosure for this sale can be found here. 1.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ur Energy

A number of large investors have recently modified their holdings of the business. Alps Advisors Inc. grew its holdings in shares of Ur Energy by 21.9% during the first quarter. Alps Advisors Inc. now owns 40,898,293 shares of the basic materials company's stock worth $27,570,000 after buying an additional 7,341,627 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ur Energy by 22.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company's stock worth $16,477,000 after buying an additional 4,372,738 shares in the last quarter. Fourth Sail Capital LP grew its holdings in shares of Ur Energy by 59.8% during the second quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company's stock worth $20,627,000 after buying an additional 7,348,764 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of Ur Energy by 206.0% during the first quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company's stock worth $8,205,000 after buying an additional 8,194,631 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Ur Energy by 23.8% during the second quarter. Vident Advisory LLC now owns 6,069,908 shares of the basic materials company's stock worth $6,373,000 after buying an additional 1,167,791 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

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.

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