Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on UR-Energy (URG – Research Report). 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 UR-Energy’s strategic operational advancements and financial projections. The company has demonstrated significant progress in expanding its operations, notably at the Lost Creek site, where production and inventory levels are expected to improve as operations ramp up. Additionally, UR-Energy is diversifying its production capabilities with the development of the Shirley Basin site, which will transition the company into a two-mine operation, enhancing its long-term production potential.
Furthermore, Ihle’s valuation of UR-Energy is based on a discounted cash flow analysis of its key projects, with an emphasis on the potential for strong demand for domestically-sourced uranium, especially given the geopolitical climate favoring premium pricing for local resources. The firm’s non-core assets and the current strength in spot pricing also contribute to a positive outlook, supporting a price target of $2.70 per share. These factors collectively underpin Ihle’s confidence in UR-Energy’s future performance, justifying the Buy rating.
In another report released on April 21, Roth MKM also maintained a Buy rating on the stock with a $1.80 price target.