Zacks Investment Research Reiterates “Hold” Rating for Ur-Energy (URG)

Zacks Investment Research restated their hold rating on shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) in a research note issued to investors on Saturday.

According to Zacks, “Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. They have produced, packaged and shipped more than two million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate their LC East project area into the Lost Creek permits, and they have begun to submit applications for permits and licenses to construct and operate at their Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. “

Several other brokerages have also recently issued reports on URG. ValuEngine raised shares of Ur-Energy from a hold rating to a buy rating in a research note on Monday, October 2nd. B. Riley reiterated a buy rating on shares of Ur-Energy in a report on Monday, November 6th. Roth Capital set a $2.00 price target on Ur-Energy and gave the stock a buy rating in a report on Monday, October 30th. Finally, HC Wainwright set a $2.00 price target on Ur-Energy and gave the stock a buy rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $1.38.

Shares of Ur-Energy (URG) opened at $0.71 on Friday. Ur-Energy has a one year low of $0.50 and a one year high of $0.91. The stock has a market cap of $112.48, a price-to-earnings ratio of 35.50 and a beta of 0.95.

In other news, Director Paul Macdonell sold 68,763 shares of Ur-Energy stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $0.69, for a total transaction of $47,446.47. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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About Ur-Energy

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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