Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on UR-Energy. The associated price target remains the same with $2.70.
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Heiko Ihle has given his Buy rating due to a combination of factors including operational advancements and strategic developments at UR-Energy. The company has shown significant progress at its Lost Creek facility, where maintenance and upgrades have improved uranium capture rates and streamlined operations. Additionally, the construction activities at the Shirley Basin are moving forward, with key components being installed and preparations for initial mining underway, which are expected to contribute to future production growth.
Furthermore, Ihle’s valuation of UR-Energy incorporates a discounted cash flow analysis of its operations at Lost Creek, Shirley Basin, and Lost Soldier, along with a valuation of non-core assets. The anticipation of strong demand for domestically sourced uranium, potentially at premium prices due to geopolitical factors, also supports the Buy rating. The calculated net asset value suggests a price target of $2.70 per share, reinforcing the positive outlook for UR-Energy’s stock.
Ihle covers the Basic Materials sector, focusing on stocks such as Integra Resources Corp, Largo Resources, and Avino Silver & Gold. According to TipRanks, Ihle has an average return of 25.3% and a 61.05% success rate on recommended stocks.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $1.80 price target.