H.C. Wainwright analyst Heiko Ihle maintained a Buy rating on UR-Energy (NYSE: URG) today and set a price target of $1.40. The company’s shares closed yesterday at $0.73.
Ihle noted:
“We reiterate our Buy rating while reducing our per share PT to $1.40 from $1.50. Our lowered PT is solely due to a higher share count following the firm’s recent capital raise that issued shares below the NAV of the firm.”
According to TipRanks.com, Ihle is ranked 0 out of 5 stars with an average return of -2.1% and a 35.2% 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 $1.20 average price target.
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UR-Energy’s market cap is currently $107.1M and has a P/E ratio of 36.5. The company has a Price to Book ratio of 2.21.
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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.
