The Zacks Investment Research Upgrades Ur-Energy Inc. (URG) to Strong-Buy

The Zacks Investment Research Upgrades Ur-Energy Inc. (URG) to Strong-Buy

Ur-Energy Inc. (NYSEMKT:URG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm presently has a $1.00 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 28.53% from the stock’s previous close.

According to Zacks, “UR-ENERGY INC., is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Ur-Energy has a registered office in Ottawa, Canada and its corporate headquarters are located in Littleton, Colorado. “

Separately, Roth Capital set a $2.00 target price on Ur-Energy and gave the stock a “buy” rating in a research report on Monday, October 17th.

Shares of Ur-Energy (NYSEMKT:URG) opened at 0.7685 on Wednesday. The company’s 50-day moving average is $0.56 and its 200-day moving average is $0.53. The company’s market capitalization is $110.36 million. Ur-Energy has a 12-month low of $0.41 and a 12-month high of $0.84.

Ur-Energy Company Profile

Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.

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