Analyst Initiates Coverage of Ur‑Energy (URG) with a ‘Buy’ Rating, $2 Price Target

The share price of Ur‑Energy Inc. (NYSEAMERICAN:URG) surged by 14.06% between December 12 and December 19, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Ur‑Energy Inc. (NYSEAMERICAN:URG) is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.

On December 19, Texas Capital analyst Matthew Key initiated coverage of Ur‑Energy Inc. (NYSEAMERICAN:URG) with a ‘Buy’ rating and a price target of $2, indicating an upside potential of almost 37% from the current share price. The analyst highlighted the company’s processing capacity of 2.2 million pounds of U3O8 in Wyoming and its established track record of operating low-cost uranium assets. It is worth noting that URG reported cash costs for produced inventory of $43 per pound in Q3 2025, while it sold 110,000 pounds of U3O8 during the quarter at an average price of $57.48 per pound.

Ur‑Energy Inc. (NYSEAMERICAN:URG) is projecting total sales of 440,000 pounds of U3O8 in FY 2025, at an average price per pound sold of $61.77. The company remains prepared to meet expected growth in demand from the national nuclear resurgence, thanks to the continued ramp-up and plant optimization at its Lost Creek site, as well as the advanced construction status at Shirley Basin. The analyst believes the uranium miner is well positioned to grow earnings as contracted volume accelerates next year.

Ur‑Energy Inc. (NYSEAMERICAN:URG) has also received a boost from the recent rebound in uranium prices, with uranium futures having surged by almost 6% over the last month.

READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 11 Best Utility Stocks to Invest in According to Hedge Funds.

Disclosure: None.