Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on UR-Energy (URG – Research Report) and keeping the price target at $2.70.
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Heiko Ihle’s rating is based on several positive developments and strategic decisions by UR-Energy. The company has shown strong construction progress at its Lost Creek and Shirley Basin sites, which are key to its future production capabilities. Management has prioritized the development of these sites, ensuring that they remain on track for future production, with significant advancements such as the completion of modular office construction and ongoing earthworks at Shirley Basin.
Furthermore, UR-Energy’s strategic decision to delay the delivery of 300,000 pounds of uranium to 2025 is expected to generate substantial proceeds, enhancing future financial performance. The company’s domestic production focus is also seen as a strength, particularly in light of geopolitical issues affecting tariffs on foreign uranium. Ihle’s valuation of UR-Energy includes a discounted cash flow analysis of its operations and assets, leading to a price target of $2.70 per share, which reflects confidence in the company’s ability to capitalize on strong demand for domestically-sourced uranium.