Analysts Set Ur Energy Inc (NYSEAMERICAN:URG) Price Target at $2.41

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have earned an average recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $2.41.

A number of research analysts have issued reports on URG shares. HC Wainwright cut their price target on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Northland Securities began coverage on Ur Energy in a research note on Monday, October 27th. They set an “outperform” rating and a $2.15 price objective for the company.

Ur Energy Trading Down 7.4%

Shares of URG stock opened at $1.76 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.89 and a current ratio of 7.85. The stock has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.49. The firm has a market capitalization of $665.58 million, a PE ratio of -8.00 and a beta of 0.82. Ur Energy has a 52-week low of $0.55 and a 52-week high of $2.35.

Insider Activity

In other news, Director Kathy E. Walker sold 74,727 shares of Ur Energy stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $1.32, for a total value of $98,639.64. Following the sale, the director owned 555,840 shares in the company, valued at $733,708.80. This trade represents a 11.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Penne A. Goplerud sold 226,630 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1.29, for a total value of $292,352.70. Following the transaction, the insider directly owned 430,608 shares of the company’s stock, valued at $555,484.32. The trade was a 34.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 590,660 shares of company stock worth $760,407. Insiders own 3.29% of the company’s stock.

Institutional Trading of Ur Energy

Several institutional investors have recently made changes to their positions in URG. Bravias Capital Group LLC purchased a new position in Ur Energy in the third quarter worth approximately $27,000. Stratos Wealth Advisors LLC purchased a new position in shares of Ur Energy during the 3rd quarter worth $32,000. TD Waterhouse Canada Inc. increased its position 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 purchasing an additional 19,700 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Ur Energy by 35.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after buying an additional 8,879 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in Ur Energy in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

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.