Ur Energy Inc (NYSEAMERICAN:URG) Given Average Rating of “Buy” by Analysts

Ur Energy Inc (NYSEAMERICAN:URGGet Free Report) (TSE:URE) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.5667.

A number of analysts have recently weighed in on the stock. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Roth Mkm reaffirmed a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating and issued a $2.30 price objective on shares of Ur Energy in a report on Monday, April 27th. Finally, Canaccord Genuity Group started coverage on shares of Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective for the company.

Check Out Our Latest Stock Analysis on Ur Energy

Hedge Funds Weigh In On Ur Energy

A number of hedge funds have recently added to or reduced their stakes in URG. Azarias Capital Management L.P. boosted its holdings in shares of Ur Energy by 3.3% during the fourth quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock valued at $19,391,000 after acquiring an additional 445,857 shares during the period. Simcoe Capital LLC acquired a new position in shares of Ur Energy during the fourth quarter valued at $2,173,000. Themes Management Co LLC acquired a new position in shares of Ur Energy during the fourth quarter valued at $568,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Ur Energy by 183.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock valued at $860,000 after acquiring an additional 400,881 shares during the period. Finally, CenterBook Partners LP boosted its holdings in shares of Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after acquiring an additional 6,458,113 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Stock Up 3.8%

URG stock opened at $1.35 on Friday. Ur Energy has a twelve month low of $1.00 and a twelve month high of $2.35. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $536.40 million, a P/E ratio of -5.62 and a beta of 0.88. The firm has a 50 day simple moving average of $1.65 and a 200-day simple moving average of $1.60.

About Ur Energy

(Get Free Report)

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.

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Analyst Recommendations for Ur Energy (NYSEAMERICAN:URG)

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