Ur Energy (NYSEAMERICAN:URG) Price Target Lowered to $2.20 at HC Wainwright

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target cut by stock analysts at HC Wainwright from $2.30 to $2.20 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price would indicate a potential upside of 56.58% from the stock’s previous close.

Several other analysts have also recently commented on URG. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada started coverage on shares of Ur Energy in a research report on Monday, July 13th. They set an “outperform” rating and a $1.75 price target on the stock. Northland Securities set a $2.35 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Finally, Roth Capital restated a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $2.34.

Ur Energy Price Performance

Shares of URG traded down $0.01 during trading hours on Tuesday, hitting $1.41. The stock had a trading volume of 3,211,911 shares, compared to its average volume of 9,767,026. The stock has a market capitalization of $558.33 million, a price-to-earnings ratio of -5.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The company’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.55. Ur Energy has a 52 week low of $1.12 and a 52 week high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative net margin of 298.18% and a negative return on equity of 98.81%. On average, analysts anticipate that Ur Energy will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its position in shares of Ur Energy by 382.9% during the 1st quarter. AQR Capital Management LLC now owns 130,294 shares of the basic materials company’s stock worth $88,000 after buying an additional 103,315 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Ur Energy during the 2nd quarter worth $38,000. Creative Planning bought a new stake in shares of Ur Energy during the 2nd quarter valued at $47,000. XTX Topco Ltd bought a new stake in shares of Ur Energy during the 2nd quarter valued at $160,000. Finally, Jump Financial LLC acquired a new position in shares of Ur Energy in the 2nd quarter valued at $73,000. Institutional investors own 57.51% of the company’s stock.

About Ur Energy

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.