UR-Energy (URG – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on the stock and has a $2.70 price target.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Heiko Ihle’s rating is based on recent updates on UR-Energy’s production and construction status, as well as promising developments at their Shirley Basin project. The company reported year-end production results that aligned with management’s guidance, capturing a significant amount of uranium. Operational efficiency is expected to improve due to recent repairs and maintenance, further strengthening the production outlook for 2025. Additionally, the company plans to expand its resource base in the Great Divide Basin properties through strategic exploration efforts.
Furthermore, the ongoing development at Shirley Basin is progressing well, with the installation of monitoring wells and successful hydrologic testing. The project remains on track for construction completion by the end of 2025, with all necessary permits secured. Ihle’s valuation of UR-Energy incorporates a discounted cash flow analysis of the company’s operations, leading to a price target of $2.70 per share. He remains optimistic about the demand for U.S.-sourced uranium, which could potentially command a premium over foreign materials, supporting his Buy rating on the stock.
According to TipRanks, Ihle is a 4-star analyst with an average return of 6.7% and a 47.38% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Avino Silver & Gold, and Franco-Nevada.
In another report released yesterday, Alliance Global Partners also reiterated a Buy rating on the stock with a $2.75 price target.