H.C. Wainwright Reiterates Buy Rating on Ur-Energy (URG)

Ur-Energy Inc. (NYSEAMERICAN:URG) is one of the 10 Best Penny Stocks to Buy for the Next 5 Years. On August 6, H.C. Wainwright reiterated a Buy rating on Ur-Energy Inc. (NYSEAMERICAN:URG) with a price target of $2.70.

This decision came after Ur-Energy Inc. (NYSEAMERICAN:URG) shared its financial and operating results for the second quarter of 2025.

H.C. Wainwright Reiterates Buy Rating on Ur-Energy (URG)

In the second quarter, the company dried and packaged 112,033 pounds of triuranium octoxide (U3O8), up 35% compared to the first quarter of 2025. Ur-Energy Inc. (NYSEAMERICAN:URG) sold 165,000 pounds of U3O8 in the second quarter and generated $1.9 million in gross profit.

The company also reported good progress in cost savings, reducing the cost per produced pound sold from $62.06 in Q4 2024 to $50.89 in Q2 2025. Improvements in production costs are expected to continue as Ur-Energy Inc. (NYSEAMERICAN:URG) ramps up operations at key sites like Lost Creek.

Additionally, the company has secured long-term sales agreements, which will provide steady income. Ur-Energy Inc. (NYSEAMERICAN:URG) has significant uncontracted production capacity through 2033. This positions the company well, especially as the US Department of Energy low-enriched uranium and high-assay low-enriched uranium programs present additional opportunities for uranium sales.

Ur-Energy Inc. (NYSEAMERICAN:URG) is a uranium mining company. It focuses on uranium mining, recovery and processing operations, as well as the exploration and development of uranium mineral properties.

While we acknowledge the potential of URG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than URG and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.