Brokerages Set Ur Energy Inc (NYSEAMERICAN:URG) Target Price at $2.45

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $2.45.

A number of brokerages recently weighed in on URG. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Roth Capital reissued a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. Northland Securities set a $2.35 target price on shares of Ur Energy in a research report on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Finally, Royal Bank Of Canada started coverage on shares of Ur Energy in a report on Monday, July 13th. They issued an “outperform” rating and a $1.75 price target for the company.

Ur Energy Price Performance

Shares of NYSEAMERICAN:URG opened at $1.32 on Wednesday. Ur Energy has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a 50-day moving average price of $1.50 and a 200 day moving average price of $1.59. The company has a market cap of $524.48 million, a P/E ratio of -5.50 and a beta of 0.91. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83.

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 the consensus estimate of ($0.04) by ($0.03). The business had revenue of $3.90 million for the quarter, compared to analyst estimates of $9.86 million. Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%. Research analysts predict that Ur Energy will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC purchased a new stake in shares of Ur Energy during the 3rd quarter worth approximately $36,000. CTC Alternative Strategies Ltd. purchased a new position in Ur Energy in the 1st quarter valued at approximately $31,000. TD Waterhouse Canada Inc. increased its stake in Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares in the last quarter. Earned Wealth Advisors LLC acquired a new position in Ur Energy during the first quarter worth $37,000. Finally, J.W. Cole Advisors Inc. raised its holdings in Ur Energy by 96.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 14,500 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.