Ur Energy Inc (NYSEAMERICAN:URG) Stock Rated “Buy” by Wall Street Analysts

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been assigned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.28.

A number of research firms have issued reports on URG. HC Wainwright cut their target price on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Royal Bank Of Canada cut their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th.

Ur Energy Stock Performance

Shares of URG stock opened at $1.05 on Monday. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average of $1.30 and a two-hundred day moving average of $1.45. Ur Energy has a 52 week low of $1.05 and a 52 week high of $2.35. The company has a market cap of $417.26 million, a P/E ratio of -4.77 and a beta of 1.15.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. As a group, analysts anticipate that Ur Energy will post -0.16 EPS for the current year.

Insider Buying and Selling

In other news, Director Robby Sai Kit Chang sold 75,588 shares of Ur Energy stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1.41, for a total transaction of $106,579.08. Following the sale, the director owned 96,449 shares of the company’s stock, valued at approximately $135,993.09. The trade was a 43.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas H. Parker sold 87,858 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total value of $130,029.84. Following the transaction, the director owned 580,884 shares of the company’s stock, valued at approximately $859,708.32. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 182,137 shares of company stock valued at $221,773 and have sold 587,005 shares valued at $838,231. 1.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URG. Tidal Investments LLC grew its stake in shares of Ur Energy by 10,309.6% in the second quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company’s stock worth $2,607,000 after purchasing an additional 1,898,522 shares in the last quarter. GFG Capital LLC bought a new stake in shares of Ur Energy during the second quarter valued at about $61,000. AXQ Capital LP acquired a new stake in Ur Energy in the second quarter worth about $31,000. Van ECK Associates Corp acquired a new stake in Ur Energy in the second quarter worth about $31,875,000. Finally, Bank of America Corp DE acquired a new stake in Ur Energy in the second quarter worth about $757,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development and production company focused on advancing and operating in situ recovery uranium projects in the United States. The company produces uranium concentrate, commonly known as yellowcake or U₃O₈, for use as fuel in nuclear power generation.

Ur-Energy’s principal operating asset is the Lost Creek project in the Great Divide Basin of Wyoming. Lost Creek uses in situ recovery technology, which involves circulating a solution through uranium-bearing formations to dissolve and recover uranium without conventional open-pit or underground mining.