H.C. Wainwright’s Take on This Canadian Energy Stock

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on UR-Energy (URG) today and set a price target of $0.90. The company’s shares closed last Wednesday at $0.78, close to its 52-week high of $0.79.

According to TipRanks.com, Ihle is a top 100 analyst with an average return of 37.8% and a 66.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Golden Star Resources.

UR-Energy has an analyst consensus of Moderate Buy, with a price target consensus of $0.90.

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The company has a one-year high of $0.79 and a one-year low of $0.27. Currently, UR-Energy has an average volume of 783.2K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of URG in relation to earlier this year. Earlier this month, Jeffrey Klenda, the Board Chairman and CEO of URG bought 25,958 shares for a total of $16,094.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded by Jeffrey T. Klenda and Paul W. Pitman on March 22, 2004 and is headquartered in Littleton, CO.

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