Ur Energy (NYSEAMERICAN:URG) Given New $1.80 Price Target at HC Wainwright

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price objective cut by stock analysts at HC Wainwright from $2.20 to $1.80 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright‘s price target indicates a potential upside of 143.90% from the company’s previous close.

A number of other research analysts have also recently issued reports on URG. Royal Bank Of Canada cut their price target on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. B. Riley Financial lowered their price objective on shares of Ur Energy from $2.50 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $2.17.

Ur Energy Stock Performance

NYSEAMERICAN URG traded down $0.07 during trading on Tuesday, hitting $0.74. The company’s stock had a trading volume of 1,155,844 shares, compared to its average volume of 9,400,464. Ur Energy has a 52 week low of $0.68 and a 52 week high of $2.15. The firm has a 50 day moving average price of $1.05 and a 200 day moving average price of $1.41. The firm has a market cap of $294.27 million, a P/E ratio of -3.37 and a beta of 1.21. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Monday, November 9th. The basic materials company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $12.43 million during the quarter, compared to analysts’ expectations of $14.37 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. Equities research analysts forecast that Ur Energy will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Ur Energy

In other news, CFO Roger L. Smith sold 103,536 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1.43, for a total transaction of $148,056.48. Following the completion of the transaction, the chief financial officer directly owned 651,562 shares of the company’s stock, valued at $931,733.66. This trade represents a 13.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jade Walle purchased 96,556 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $110,073.84. Following the completion of the transaction, the vice president directly owned 424,037 shares in the company, valued at approximately $483,402.18. This represents a 29.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 182,137 shares of company stock valued at $221,773 and sold 587,005 shares valued at $838,231. Insiders own 1.63% of the company’s stock.

Institutional Investors Weigh In On Ur Energy

Several hedge funds have recently bought and sold shares of the company. Royce & Associates LP grew its holdings in Ur Energy by 130.0% in the 3rd quarter. Royce & Associates LP now owns 1,624,292 shares of the basic materials company’s stock valued at $1,754,000 after buying an additional 918,102 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Ur Energy during the third quarter worth $58,194,000. CenterBook Partners LP lifted its holdings in shares of Ur Energy by 7.4% during the third quarter. CenterBook Partners LP now owns 575,528 shares of the basic materials company’s stock worth $622,000 after buying an additional 39,530 shares in the last quarter. Verity Asset Management Inc. boosted its position in shares of Ur Energy by 17.0% in the third quarter. Verity Asset Management Inc. now owns 335,341 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 48,839 shares during the period. Finally, ProShare Advisors LLC bought a new stake in shares of Ur Energy in the third quarter valued at about $52,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.