Ur-Energy (NYSEAMERICAN:URG) Lifted to “Strong-Buy” at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports. Ventum Cap Mkts also issued estimates for Ur-Energy’s FY2024 earnings at ($0.03) EPS, FY2025 earnings at $0.03 EPS, FY2026 earnings at $0.11 EPS and FY2027 earnings at $0.16 EPS.

Several other analysts have also issued reports on URG. Roth Mkm cut their target price on shares of Ur-Energy from $2.20 to $2.10 and set a buy rating for the company in a research report on Thursday, May 9th. HC Wainwright cut their target price on shares of Ur-Energy from $3.40 to $3.30 and set a buy rating for the company in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $2.80.

Ur-Energy Price Performance

Shares of Ur-Energy stock opened at $1.47 on Monday. Ur-Energy has a 52-week low of $0.95 and a 52-week high of $2.01. The stock has a market capitalization of $426.96 million, a price-to-earnings ratio of -7.74 and a beta of 1.12.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 61.67%. As a group, research analysts predict that Ur-Energy will post -0.09 EPS for the current year.

Insider Activity at Ur-Energy

In related news, Director Robby Sai Kit Chang sold 60,100 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.47, for a total transaction of $88,347.00. Following the sale, the director now owns 73,572 shares of the company’s stock, valued at $108,150.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director James M. Franklin sold 56,305 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the sale, the director now owns 616,133 shares of the company’s stock, valued at $979,651.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robby Sai Kit Chang sold 60,100 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.47, for a total transaction of $88,347.00. Following the completion of the sale, the director now directly owns 73,572 shares in the company, valued at approximately $108,150.84. The disclosure for this sale can be found here. Insiders have sold a total of 189,879 shares of company stock valued at $279,266 over the last 90 days. 3.29% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ur-Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC bought a new position in shares of Ur-Energy in the first quarter worth about $65,000. Jump Financial LLC bought a new position in shares of Ur-Energy in the fourth quarter worth about $109,000. Cannon Global Investment Management LLC bought a new position in shares of Ur-Energy in the first quarter worth about $224,000. U S Global Investors Inc. bought a new position in shares of Ur-Energy in the fourth quarter worth about $231,000. Finally, Verity Asset Management Inc. grew its holdings in shares of Ur-Energy by 6.4% in the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 12,005 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

About Ur-Energy

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. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.