“We reiterate our Buy recommendation and our price target of $1.50 per share. Our valuation remains based 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. We note that we plan on adjusting our model once a more finalized decision on Section 232 is reached and companies have more clarity on future plans. We maintain our confidence in management’s ability to continue driving strong gross profit margins amid declining uranium prices.”
According to TipRanks.com, Ihle is a 1-star analyst with an average return of -0.7% and a 45.5% 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 $1.50 average price target.
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 629.5K.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock.
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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.