In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on UR-Energy (NYSE: URG), with a price target of $1.50. The company’s shares closed yesterday at $0.69.
Ihle said:
“We reiterate our Buy rating and our $1.50 per share price target. Our valuation remains predicated on a DCF of operations utilizing an 8.0% discount rate, in addition to consideration for 12.5M pounds of uranium resources at $2 per pound.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.8% and a 41.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Currently, the analyst consensus on UR-Energy is a Moderate Buy with an average price target of $1.50.
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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.
