Ur Energy Inc (NYSEAMERICAN:URG) Receives $2.50 Average Target Price from Brokerages

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received an average recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $2.50.

Several equities research analysts have recently issued reports on URG shares. HC Wainwright restated a “buy” rating and set a $2.30 price objective on shares of Ur Energy in a report on Monday, April 27th. Canaccord Genuity Group started coverage on Ur Energy in a report on Thursday, April 2nd. They set a “buy” rating and a $3.25 price objective on the stock.

Ur Energy Price Performance

URG stock opened at $1.82 on Friday. Ur Energy has a 52-week low of $0.67 and a 52-week high of $2.35. The stock’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.54. The company has a quick ratio of 4.56, a current ratio of 5.44 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $723.14 million, a price-to-earnings ratio of -9.10 and a beta of 0.92.

Insider Activity

In other Ur Energy news, VP Jade Walle acquired 107,900 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the acquisition, the vice president directly owned 251,900 shares of the company’s stock, valued at $350,141. This trade represents a 74.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Azarias Capital Management L.P. raised its position in shares of Ur Energy by 3.3% in the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock worth $19,391,000 after buying an additional 445,857 shares during the period. Alps Advisors Inc. raised its position in shares of Ur Energy by 1.6% in the 3rd quarter. Alps Advisors Inc. now owns 39,200,846 shares of the basic materials company’s stock worth $70,170,000 after buying an additional 624,842 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Ur Energy by 183.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after buying an additional 400,881 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Ur Energy by 23.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,000 shares of the basic materials company’s stock worth $654,000 after buying an additional 70,000 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Ur Energy by 500.0% in the 4th quarter. Gabelli Funds LLC now owns 120,000 shares of the basic materials company’s stock worth $167,000 after buying an additional 100,000 shares during the period. 57.51% of the stock is owned by hedge funds and other institutional investors.

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.