Ur Energy (NYSEAMERICAN:URG) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Ur-Energy’s price target from $1.60 to $1.25 but maintained an “outperform” rating; the new target implies 90.55% upside from the prior close.
• Other analysts also lowered targets, though ratings remain positive: five analysts rate the stock a Buy, and the consensus target is $2.11.
• Ur-Energy’s quarterly loss of $0.04 per share matched estimates, while revenue of $12.43 million fell short of the $14.37 million consensus. Shares were down 3.2% in Wednesday midday trading.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE had its price objective cut by investment analysts at Royal Bank Of Canada from $1.60 to $1.25 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's price target suggests a potential upside of 90.55% from the company's previous close.

Several other brokerages have also commented on URG. HC Wainwright dropped their price target on shares of Ur Energy from $2.20 to $1.80 and set a "buy" rating for the company in a research report on Tuesday. 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 note on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat, Ur Energy has an average rating of "Buy" and a consensus target price of $2.11.

Ur Energy Trading Down 3.2%

URG stock traded down $0.02 during midday trading on Wednesday, hitting $0.66. The stock had a trading volume of 5,540,303 shares, compared to its average volume of 9,451,114. The company's 50-day moving average price is $1.03 and its 200 day moving average price is $1.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. The firm has a market cap of $261.57 million, a PE ratio of -3.45 and a beta of 1.21. Ur Energy has a 12-month low of $0.62 and a 12-month high of $2.15.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last posted its quarterly earnings data on Monday, November 9th. The basic materials company reported ($0.04) EPS for the quarter, meeting analysts' consensus estimates of ($0.04). Ur Energy had a negative net margin of 191.64% and a negative return on equity of 103.27%. The company had revenue of $12.43 million during the quarter, compared to the consensus estimate of $14.37 million. On average, equities research analysts predict that Ur Energy will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Ur Energy

In related news, Director Thomas H. Parker sold 87,858 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the sale, the director directly owned 580,884 shares of the company's stock, valued at approximately $859,708.32. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jade Walle purchased 96,556 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was bought at an average price of $1.14 per share, with a total value of $110,073.84. Following the completion of the acquisition, the vice president owned 424,037 shares in the company, valued at $483,402.18. This represents a 29.48% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. Insiders own 1.63% of the company's stock.

Hedge Funds Weigh In On Ur Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ieq Capital LLC lifted its position in shares of Ur Energy by 275.3% during the third quarter. Ieq Capital LLC now owns 41,560 shares of the basic materials company's stock worth $45,000 after purchasing an additional 30,485 shares in the last quarter. Royce & Associates LP grew its stake in Ur Energy by 130.0% during 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 purchasing an additional 918,102 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Ur Energy in the 3rd quarter valued at approximately $58,194,000. CenterBook Partners LP boosted its stake in shares of Ur Energy by 7.4% during the 3rd quarter. CenterBook Partners LP now owns 575,528 shares of the basic materials company's stock valued at $622,000 after buying an additional 39,530 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Ur Energy by 17.0% during the 3rd quarter. Verity Asset Management Inc. now owns 335,341 shares of the basic materials company's stock valued at $362,000 after buying an additional 48,839 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. is a U.S. uranium mining company focused on the exploration, development and recovery of uranium. The company uses in-situ recovery (ISR), a method that circulates a solution through underground uranium deposits and brings the dissolved uranium to the surface for processing. Its principal projects are in Wyoming, including the Lost Creek uranium facility in Sweetwater County and the Shirley Basin project. Ur-Energy's product is uranium concentrate, which is supplied to the nuclear fuel cycle for further processing.

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