Royal Bank Of Canada Upgrades Ur Energy (NYSEAMERICAN:URG) to Moderate Buy

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) was upgraded by equities researchers at Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the stock. Northland Securities set a $2.35 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright reissued a “buy” rating and set a $2.30 target price on shares of Ur Energy in a research note on Monday, April 27th. Canaccord Genuity Group started coverage on shares of Ur Energy in a report on Thursday, April 2nd. They set a “buy” rating and a $3.25 target price for the company. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, Ur Energy presently has an average rating of “Buy” and a consensus target price of $2.45.

Ur Energy Trading Up 4.7%

Shares of Ur Energy stock opened at $1.34 on Monday. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. The firm has a market cap of $532.42 million, a price-to-earnings ratio of -5.58 and a beta of 0.91. The business has a fifty day simple moving average of $1.56 and a 200-day simple moving average of $1.60. Ur Energy has a fifty-two week low of $1.12 and a fifty-two week high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The firm had revenue of $3.90 million for the quarter, compared to analyst estimates of $9.86 million. On average, equities analysts forecast that Ur Energy will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Ur Energy

A number of institutional investors have recently bought and sold shares of URG. CTC Alternative Strategies Ltd. acquired a new position in shares of Ur Energy in the first quarter worth about $31,000. TD Waterhouse Canada Inc. raised its holdings in shares of Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 19,700 shares during the period. Gabelli Funds LLC acquired a new stake in shares of Ur Energy during the third quarter valued at approximately $36,000. Earned Wealth Advisors LLC purchased a new stake in shares of Ur Energy in the 1st quarter valued at approximately $37,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Ur Energy in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Company Profile

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.