H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on UR-Energy (URG) today and set a price target of $1.50. The company’s shares closed yesterday at $0.92, close to its 52-week high of $0.99.
Ihle noted:
“We continue to believe that President Trump is likely to impose some sort of quota that could force domestic uranium purchases rather than the implementation of further tariffs. In short, this may become a positive catalyst for U.S.-based uranium companies.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -4.3% and a 42.7% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UR-Energy with a $1.50 average price target.
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The company has a one-year high of $0.99 and a one-year low of $0.54. Currently, UR-Energy has an average volume of 479.3K.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock.
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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.
