Ur-Energy initiated with an Outperform at Northland

Northland initiated coverage of Ur-Energy (URG) with an Outperform rating and $2.15 price target identifying it as one of the only current U.S. uranium producers, actively ramping up production with expected production growth of 279% from now to Q4 of 2026. The firm, which has “a bullish outlook on uranium prices,” notes that its price target is based on a uranium price deck that escalates to $100 per pound by 2030.