Maxim Group Affirms Buy Rating on Ur-Energy Inc. (URG) on Growing Uranium Demand Opportunity

Ur-Energy Inc. (NYSE:URG) is one of the fastest-growing penny stocks to bargain now. On November 6, Maxim Group expert Tate Sullivan reiterated a Buy standing connected Ur-Energy Inc. (NYSE:URG). According to the analyst, the institution is well-positioned to payment from increasing uranium request from US customers.

The institution has already secured important off-take agreements with US commercialized atomic powerfulness plants, underscoring its semipermanent prospects. It has besides reiterated its 2025 gross guidance, which expects to merchantability 440,000 pounds of U3O8 astatine an mean terms of $61.77 per pound. It expects to recognize revenues of $27.2 million.

Ur-Energy is besides connected people to commencement accumulation astatine its 2nd uranium mining task successful Wyoming arsenic it looks to capitalize connected increasing uranium demand. It’s besides ramping up accumulation astatine Lost Creek, which produced 93,525 pounds of U308, dried and packaged, successful the 3rd quarter.

On November 4, analysts astatine H.C. Wainwright chopped their terms people of the banal to $2.60 from $2.70 but reiterated a Buy rating. According to the probe firm, the usage of purchased inventories should assistance support and maximize the worth of low-cost products successful the agelong term.

Ur-Energy Inc. (NYSE:URG) is simply a U.S.-based uranium mining institution that acquires, explores, develops, and operates uranium properties successful the United States. It specializes successful the environmentally delicate in-situ betterment (ISR) method of uranium extraction, which leaves the stone successful place. Its flagship task is the Lost Creek task successful Wyoming, and it is besides processing the Shirley Basin project.

While we admit the imaginable of URG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.