Brokerages Set Ur-Energy Inc. (NYSEAMERICAN:URG) Price Target at $2.76

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) has earned a consensus recommendation of “Buy” from the four research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $2.76.

A number of research analysts have weighed in on URG shares. B. Riley started coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $3.00 price target on the stock. StockNews.com upgraded shares of Ur-Energy to a “sell” rating in a research note on Sunday, December 3rd. Roth Mkm dropped their price objective on shares of Ur-Energy from $2.40 to $2.20 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Finally, HC Wainwright lifted their price objective on shares of Ur-Energy from $2.70 to $3.60 and gave the company a “buy” rating in a research note on Thursday, March 7th.

Ur-Energy Stock Performance

URG opened at $1.60 on Friday. Ur-Energy has a 1 year low of $0.82 and a 1 year high of $2.01. The company has a market capitalization of $449.20 million, a P/E ratio of -13.29 and a beta of 1.12.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Ur-Energy by 413.0% in 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 stake in Ur-Energy in the second quarter worth about $30,000. Jane Street Group LLC increased its position in Ur-Energy by 71.5% in 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 increased its position in Ur-Energy by 76.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 33,146 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 14,382 shares during the period. Finally, Citadel Advisors LLC increased its position in Ur-Energy by 149.4% in the third quarter. Citadel Advisors LLC now owns 36,864 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 22,084 shares during the period. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.