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.

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