Ur-Energy (NYSEAMERICAN:URG) PT Lowered to $3.20

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target cut by HC Wainwright from $3.30 to $3.20 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on URG. Roth Mkm decreased their target price on Ur-Energy from $2.20 to $2.10 and set a buy rating on the stock in a research report on Thursday, May 9th. Ventum Cap Mkts upgraded shares of Ur-Energy to a strong-buy rating in a research report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $2.77.

Ur-Energy Price Performance

Shares of Ur-Energy stock opened at $1.35 on Wednesday. The stock has a market capitalization of $392.11 million, a P/E ratio of -7.11 and a beta of 1.12. Ur-Energy has a fifty-two week low of $0.96 and a fifty-two week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 61.67% and a negative net margin of 173.40%. Equities research analysts anticipate that Ur-Energy will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Ur-Energy

In other news, Director James M. Franklin sold 56,305 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total value of $89,524.95. Following the completion of the sale, the director now directly owns 616,133 shares in the company, valued at approximately $979,651.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the completion of 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 can be accessed through the SEC website. Also, Director Robby Sai Kit Chang sold 73,474 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $1.38, for a total transaction of $101,394.12. Following the transaction, the director now directly owns 73,572 shares in the company, valued at $101,529.36. 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 in the last ninety days. 3.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ur-Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in shares of Ur-Energy in the 1st quarter valued at $65,000. Jump Financial LLC purchased a new position in Ur-Energy during the 4th quarter valued at about $109,000. Cannon Global Investment Management LLC purchased a new stake in shares of Ur-Energy during the first quarter worth about $224,000. U S Global Investors Inc. purchased a new stake in Ur-Energy in the fourth quarter valued at approximately $231,000. Finally, Verity Asset Management Inc. lifted its position in Ur-Energy by 6.4% during the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock valued at $305,000 after buying an additional 12,005 shares in the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur-Energy Company Profile

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.