H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on UR-Energy today and set a price target of $2.70.
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Heiko Ihle has given his Buy rating due to a combination of factors that highlight UR-Energy’s promising position in the uranium market. The recent site visit to the Shirley Basin project in Wyoming demonstrated significant progress towards production, with management expecting water to flow through the plant by January 2026. This timeline appears feasible given the current construction activities and existing infrastructure, which includes buildings, grid power, and well water, all of which reduce risks and costs.
Additionally, the active drilling program at Shirley Basin supports the startup timeline, with efficient drilling processes that are faster than similar projects. The site’s strong infrastructure and proximity to Casper, along with the rising demand for U.S. uranium amid geopolitical tensions, position UR-Energy to benefit from premium pricing. The company’s valuation, based on a discounted cash flow analysis of its operations and non-core assets, supports a price target of $2.70, reinforcing the Buy recommendation.
According to TipRanks, Ihle is a top 25 analyst with an average return of 43.9% and a 71.66% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Americas Gold and Silver, Avino Silver & Gold, and Endeavour Silver.