UR-Energy stock maintains Buy rating at H.C. Wainwright after site visit

Investing.com - H.C. Wainwright reiterated its Buy rating and $2.70 price target on UR-Energy (NYSE:URG), which is currently trading at $1.65, near its 52-week high, following an analyst site visit to the company’s Shirley Basin project in Wyoming. The stock has shown remarkable momentum, gaining over 80% in the past six months.

The visit, which took place on September 17-18, included a management dinner in Casper, Wyoming, followed by a tour of the Shirley Basin site with CEO John Cash and other senior management team members.

H.C. Wainwright analyst Heiko Ihle noted "clear progress toward production" at the site, with management expecting water to flow through the plant at Shirley Basin by January 2026.

The analyst viewed this timeline as "achievable" based on the construction activity observed during the tour, highlighting that prior operations had left the project with existing infrastructure, including various buildings, grid power, and well water.

The visit concluded with a tour of UR-Energy’s office in Casper and the company’s new header house fabrication building.

In other recent news, Ur-Energy Inc. has announced the appointment of Matthew D. Gili as its new president. This follows the execution of an employment agreement, with Mr. Gili officially taking on the role as of June 30. Mr. Gili brings extensive experience from his previous executive roles at various publicly traded mining companies, including i-80 Gold Corporation and Nevada Copper Corporation. In addition to this leadership change, Warren AI’s analysis of the uranium sector highlights Ur-Energy as a notable stock with fair value upside potential. The analysis suggests that while only one uranium stock currently shows positive upside potential, important factors across the sector should be considered by investors. These developments reflect ongoing interest in the nuclear energy sector and its potential growth.

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