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 on Friday at $0.87.
Ihle observed:
“We maintain our Buy rating and our PT of $1.50 per share. Our valuation is predicated on a DCF of operations utilizing an 8% discount rate, in addition to consideration for 12.5 million pounds of uranium resources at $2 per pound.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.5% and a 39.4% 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 $0.99 and a one-year low of $0.54. Currently, UR-Energy has an average volume of 539.8K.
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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.
