Ur-Energy Inc. (NYSEAMERICAN:URG) Given Consensus Rating of “Buy” by Brokerages

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) has been given an average recommendation of “Buy” by the four ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued a report on the stock in the last year is $2.76.

URG has been the subject of several research analyst reports. Roth Mkm lowered their target price on Ur-Energy from $2.40 to $2.20 and set a “buy” rating for the company in a research note on Thursday, March 14th. B. Riley initiated coverage on Ur-Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $3.00 target price for the company. HC Wainwright boosted their target price on Ur-Energy from $2.70 to $3.60 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, StockNews.com raised Ur-Energy to a “sell” rating in a research note on Sunday, December 3rd.

Ur-Energy Price Performance

URG stock opened at $1.59 on Friday. The stock has a market capitalization of $446.38 million, a P/E ratio of -13.21 and a beta of 1.12. Ur-Energy has a 52 week low of $0.82 and a 52 week high of $2.01.

Hedge Funds Weigh In On Ur-Energy

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in shares of Ur-Energy by 413.0% during the third quarter. Royal Bank of Canada now owns 23,943 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 19,276 shares during the period. Bank of Montreal Can acquired a new position in shares of Ur-Energy during the second quarter worth approximately $30,000. Jane Street Group LLC raised its position in shares of Ur-Energy by 71.5% during the fourth quarter. Jane Street Group LLC now owns 30,401 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 12,673 shares during the period. Price T Rowe Associates Inc. MD raised its position in Ur-Energy by 76.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 33,146 shares of the basic materials company’s stock valued at $37,000 after buying an additional 14,382 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in Ur-Energy by 149.4% in the 3rd quarter. Citadel Advisors LLC now owns 36,864 shares of the basic materials company’s stock valued at $40,000 after buying an additional 22,084 shares during the last quarter. 43.96% of the stock is owned by institutional investors and hedge funds.

Ur-Energy Company Profile

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.