Ur Energy (NYSEAMERICAN:URG) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Royal Bank Of Canada upgraded shares of Ur Energy (NYSEAMERICAN:URG) (TSE:URE) to a moderate buy rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. Northland Securities set a $2.35 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Roth Capital reissued a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright restated a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Canaccord Genuity Group assumed coverage on shares of Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.45.

Ur Energy Trading Up 4.7%

Ur Energy stock opened at $1.34 on Monday. Ur Energy has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44. The firm has a market capitalization of $532.42 million, a PE ratio of -5.58 and a beta of 0.91. The business’s 50-day simple moving average is $1.56 and its 200-day simple moving average is $1.60.

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). The business had revenue of $3.90 million during the quarter, compared to analyst estimates of $9.86 million. Ur Energy had a negative net margin of 298.18% and a negative return on equity of 98.81%. Equities research analysts forecast that Ur Energy will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Ur Energy

A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of Ur Energy by 382.9% during the first 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 in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Ur Energy in the 2nd quarter worth approximately $38,000. Creative Planning acquired a new position in shares of Ur Energy in the 2nd quarter worth approximately $47,000. XTX Topco Ltd bought a new stake in Ur Energy during the 2nd quarter worth approximately $160,000. Finally, Jump Financial LLC acquired a new stake in Ur Energy during the 2nd quarter valued at $73,000. Institutional investors and hedge funds 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.