H.C. Wainwright Keeps a Buy Rating on UR-Energy (URG)


In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on UR-Energy (URG), with a price target of $1.50. The company’s shares closed yesterday at $0.94, close to its 52-week high of $0.94.

Ihle wrote:

“We discuss the Section 232 timeline as well as possible domestic market impacts in further detail in our March 27, 2019, note titled “Section 232: U.S. DOC FY18 Results. Ur-Energy released FY18 financial results. For the year, Ur-Energy reported $23.5 million in revenue and net income of $4.5 million, or $0.03 per share. This compares to $38.4 million in revenue and net income of $0.1 million, or $0.00 per share, during FY17. the firm received proceeds of $3.5 million after it monetized the present value from a portion of an agreement for 165,000 pounds of uranium to be delivered in 2021 with a utility customer. This drove the YoY increase in other income to $3.6 million for a stark increase when compared with $0.1 million in FY17.”

According to TipRanks.com, Ihle is a 1-star analyst with an average return of -1.4% and a 45.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

UR-Energy has an analyst consensus of Moderate Buy, with a price target consensus of $1.50.

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The company has a one-year high of $0.94 and a one-year low of $0.54. Currently, UR-Energy has an average volume of 493K.

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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.