Ur Energy Inc (NYSEAMERICAN:URG) Receives Average Rating of “Buy” from Brokerages

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.44.

Several research analysts have commented on URG shares. B. Riley upped their price objective on shares of Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday, September 25th. Roth Capital upped their price objective on shares of Ur Energy from $1.60 to $1.80 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Maxim Group started coverage on shares of Ur Energy in a report on Friday, July 25th. They issued a “buy” rating and a $3.00 price objective for the company.

Ur Energy Trading Down 8.0%

Shares of URG opened at $1.61 on Friday. The stock has a market capitalization of $591.24 million, a P/E ratio of -9.47 and a beta of 0.96. 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 fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.15. Ur Energy has a twelve month low of $0.55 and a twelve month high of $2.35.

Insiders Place Their Bets

In other Ur Energy news, Director Robby Sai Kit Chang sold 213,914 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $1.75, for a total value of $374,349.50. Following the completion of the transaction, the director directly owned 84,179 shares in the company, valued at approximately $147,313.25. This represents a 71.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roger L. Smith sold 252,087 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $1.68, for a total transaction of $423,506.16. Following the completion of the transaction, the chief financial officer owned 632,175 shares of the company’s stock, valued at $1,062,054. This trade represents a 28.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 664,619 shares of company stock worth $1,064,004. 1.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of 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 worth $36,000 after acquiring an additional 8,879 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Ur Energy in the 2nd quarter worth about $38,000. Envestnet Asset Management Inc. bought a new position in shares of Ur Energy in the 2nd quarter worth about $38,000. Ritholtz Wealth Management bought a new position in shares of Ur Energy in the 2nd quarter worth about $44,000. Finally, Creative Planning bought a new position in shares of Ur Energy in the 2nd quarter worth about $47,000. 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.