Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is engaged in uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects, 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project.
- The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
- It is engaged in uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties.
- China (Bloomberg) and India (India announces plans to build more nuclear power plants) lead the way.
- There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay https://1investing.in/ dividends. Positive commentary from GLJ lights a fire under uranium stocks. /PRNewswire/ — Those who follow the uranium market prices see higher highs in the coming year. Uranium prices, alongside many other commodities, are starting…
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It is clear that the demand for uranium is going to increase. This means that the price of uranium is also going to increase. There is great demand for electricity, and it will increase substantially in the near future. It suffices to ask where all the electricity for EVs (Electric Vehicles) is going to come from.
- More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
- This means that the price of uranium is also going to increase.
- Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with scope of financial accounting an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
The 7 Best Stocks to Buy to Invest in Nuclear Energy
The largest American uranium company is UEC (UEC), which is gearing up production at the present time in consideration of the fact that Washington has earmarked funds for the purchase of uranium produced domestically. UEC has permits and facilities for the production of 6.5 million tons annually. It takes about eight to ten years to go from exploration to production for uranium. It is therefore unlikely that domestic production capacities are going to increase at a rapid pace even if the Government wants domestically produced uranium. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
Ur-Energy Company Info
Ur-Energy Inc. engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. The company was incorporated in 2004 and is headquartered in Littleton, Colorado.
The problem with this proposal is that the wind does not blow consistently at the same strength and the sun sets every evening. Nuclear power will have to take up the slack as it is continuous. In fact, there are plans for a great number of new nuclear power plants around the world.
There is also an interesting uranium fund, namely, the Sprott Physical Uranium Trust (Sprott Physical Uranium Trust). Logically, the value of the fund should increase as the uranium price increases. It is highly risky to invest in exploration companies as they usually run out of cash for operations and are bought up for pennies on the dollar by bigger companies. On the other hand, it is much safer to invest in royalty companies. Uranium Royalty Corporation invests in uranium companies and produces dividends (UROY). Nuscale Power (SMR) provides technology for small reactors.
Uranium Prices Poised to Power Higher
According to 2 analysts, the average rating for URG stock is “Strong Buy.” The 12-month stock price forecast is $2.35, which is an increase of 50.64% from the latest price. Global uranium shortages and a resurgence of nuclear power could send prices up 25% by 2030, as noted by S&P Global Market Intelligence. “The U.S., Japan and several EU countries have announced plans… Camco is a Canadian producer and the second largest uranium company globally. It operates large mines in Canada and produces lots of uranium.
These three companies are suddenly radioactive on news their quota requests have been rejected. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Compare
URG’s historical performance
against its industry peers and the overall market. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of URG stock can currently be purchased for approximately $1.53.
The consensus among Wall Street equities research analysts is that investors should “buy” URG shares. Ur-Energy, Inc. is an exploration stage mining company, which engages in the development and exploration of mineral properties. Its portfolio includes the Lost Creek uranium project, Shirley Basin mine site, Lost Soldier property, and Lucky Mc Mine site. The company was founded by Jeffrey T. Klenda and Paul W. Pitman on March 22, 2004 and is headquartered in Littleton, CO. Ur-Energy Inc is y is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development, and production of uranium mineral resources located in Wyoming.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Ur-Energy’s stock was trading at $1.31 at the beginning of 2023. Since then, URG stock has increased by 16.8% and is now trading at $1.53.
For one, there’s a good deal of global demand, with some countries planning to build even more reactors. Palm Beach, FL – February 15, 2023 – FinancialNewsMedia.com News Commentary – After years of price stagnation, uranium has become a breakout performer, climbing significantly… on the back of the… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Traders News Source Editor Interviews CEO, John Cash of Ur-Energy Inc.
EV batteries need to be charged, and for that to happen one needs electricity. Promoters of EVs do not seem to worry about how the grid is going to handle a great increase in the amount of electricity to be distributed everywhere. Hydrocarbons, including gas, oil and coal, are going to be phased out according to Green policy and replaced with wind and solar power.
Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. URG’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023. Sign-up to receive the latest news and ratings for Ur-Energy and its competitors with MarketBeat’s FREE daily newsletter.