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

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2.41.

A number of research firms have recently issued reports on URG. HC Wainwright dropped their price target on 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 initiated coverage on Ur Energy in a research report on Monday, October 27th. They issued an “outperform” rating and a $2.15 target price on the stock.

Ur Energy Stock Up 3.6%

Shares of Ur Energy stock opened at $2.00 on Monday. The company has a market cap of $755.82 million, a price-to-earnings ratio of -9.09 and a beta of 0.81. The company’s 50 day moving average is $1.51 and its 200 day moving average is $1.48. Ur Energy has a twelve month low of $0.55 and a twelve month high of $2.35. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling

In other Ur Energy news, President Matthew David Gili acquired 155,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was purchased at an average price of $1.21 per share, with a total value of $187,550.00. Following the transaction, the president directly owned 155,000 shares in the company, valued at approximately $187,550. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Cash sold 189,303 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $1.27, for a total value of $240,414.81. Following the completion of the sale, the chief executive officer owned 660,968 shares of the company’s stock, valued at $839,429.36. This trade represents a 22.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 590,660 shares of company stock valued at $760,407 in the last 90 days. 3.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Ur Energy

A number of institutional investors have recently bought and sold shares of URG. Y Intercept Hong Kong Ltd purchased a new position in Ur Energy during the second quarter valued at $240,000. Bailard Inc. bought a new stake in Ur Energy in the second quarter worth $327,000. Vanguard Personalized Indexing Management LLC lifted its position in Ur Energy by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 8,879 shares during the last quarter. Fourth Sail Capital LP lifted its position in Ur Energy by 59.8% during the second quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock valued at $20,627,000 after purchasing an additional 7,348,764 shares during the last quarter. Finally, Acuitas Investments LLC grew its stake in shares of Ur Energy by 9.9% in the 2nd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the basic materials company’s stock worth $2,349,000 after buying an additional 202,345 shares in the last quarter. 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.