Ur Energy (NYSEAMERICAN:URG) Shares Up 3.4% - Time to Buy?

Key Points

• Ur Energy's stock price increased by 3.4% to $1.69, although the trading volume dropped by 68% compared to the average session.
• Several analysts have upgraded Ur Energy's ratings, with Roth Capital raising its price target to $1.80 and Maxim Group setting a target of $3.00, reflecting a consensus rating of "Buy" across multiple reports.
• Institutional investors have significantly increased their stakes in Ur Energy, with notable increases from Alps Advisors and CenterBook Partners, indicating strong confidence in the company's future.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE shot up 3.4% on Thursday . The company traded as high as $1.64 and last traded at $1.69. 1,815,316 shares were traded during trading, a decline of 68% from the average session volume of 5,718,999 shares. 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 price objective on Ur Energy from $1.60 to $1.80 and gave the company a "buy" rating in a report on Tuesday. Maxim Group assumed coverage on Ur Energy in a research report on Friday, July 25th. They issued a "buy" rating and a $3.00 price target for the company. Finally, B. Riley reaffirmed a "buy" rating on shares of Ur Energy in a research report on Thursday. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $2.34.

Ur Energy Stock Up 7.1%

The firm has a fifty day moving average price of $1.37 and a 200-day moving average price of $1.02. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. The firm has a market cap of $640.82 million, a price-to-earnings ratio of -10.26 and a beta of 0.98.

Insider Buying and Selling

In other news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction that occurred 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 sale, the chief operating officer owned 324,775 shares in the company, valued at $435,198.50. This trade represents a 37.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ur Energy

A number of institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in 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 valued at $27,570,000 after purchasing an additional 7,341,627 shares during 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 valued at $16,477,000 after purchasing an additional 4,372,738 shares during the last quarter. Fourth Sail Capital LP grew its stake in Ur Energy by 59.8% during the 2nd 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 during the last quarter. CenterBook Partners LP grew its stake in Ur Energy by 206.0% during the 1st 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 during the last quarter. Finally, Vident Advisory LLC grew its position 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 acquiring an additional 1,167,791 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors.

About Ur Energy

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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