H.C. Wainwright Reaffirms Their Buy Rating on UR-Energy (URG)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on UR-Energy (URGResearch Report) today and set a price target of $3.00. The companys shares closed yesterday at $1.27.

Ihle covers the Basic Materials sector, focusing on stocks such as Uranium Energy, Gold Resource, and Golden Minerals Co. According to TipRanks, Ihle has an average return of -20.9% and a 22.99% success rate on recommended stocks.

UR-Energy has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.

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Based on UR-Energys latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $19 thousand and a GAAP net loss of $353 thousand. In comparison, last year the company earned a revenue of $7 thousand and had a GAAP net loss of $6.88 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of URG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ur-Energy, Inc. is an exploration stage mining company, which engages in the development and exploration of mineral properties. Its portfolio include the Lost Creek uranium project, Shirley Basin mine site, Lost Soldier property, and Lucky Mc Mine site. The company was founded by Jeffrey T. Klenda and Paul W. Pitman on March 22, 2004 and is headquartered in Littleton, CO.

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