Ur Energy Inc (NYSEAMERICAN:URG) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a “Buy” consensus on Ur-Energy, with four buy ratings and two strong-buy ratings. The average 12-month price target is $2.32, well above the stock’s reported opening price of $1.36.
• Ur-Energy reported a quarterly loss of $0.04 per share, missing the $0.03 consensus estimate, while revenue of $14.37 million was essentially in line with expectations. Analysts expect a full-year loss of $0.16 per share.
• Insiders sold shares recently: company directors sold a combined 153,339 shares on August 24, and insiders sold 587,005 shares worth about $838,231 during the quarter. Institutional investors own 57.51% of the company.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE have been given an average rating of "Buy" by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.3167.

A number of analysts recently issued reports on the company. Roth Capital reissued a "buy" rating and set a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright decreased their target price on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Royal Bank Of Canada lowered their target price on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a research note on Monday, August 17th. Northland Securities set a $2.35 price objective on Ur Energy in a research report on Tuesday, May 12th. Finally, B. Riley Financial raised Ur Energy to a "strong-buy" rating in a research note on Thursday, May 14th.

Ur Energy Price Performance

URG opened at $1.36 on Thursday. The firm has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.51. Ur Energy has a twelve month low of $1.12 and a twelve month high of $2.35. 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 company has a market capitalization of $540.45 million, a price-to-earnings ratio of -6.18 and a beta of 0.94.

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

Insider Activity

In other news, Director John Cash sold 77,751 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1.41, for a total transaction of $109,628.91. Following the completion of the transaction, the director owned 696,264 shares of the company's stock, valued at approximately $981,732.24. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robby Sai Kit Chang sold 75,588 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 96,449 shares in the company, valued at $135,993.09. The trade was a 43.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 587,005 shares of company stock worth $838,231. Company insiders own 1.63% of the company's stock.

Institutional Investors Weigh In On Ur Energy

Hedge funds have recently made changes to their positions in the business. Gabelli Funds LLC bought a new position in shares of Ur Energy during the third quarter valued at about $36,000. CTC Alternative Strategies Ltd. bought a new position in Ur Energy during the 1st quarter worth approximately $31,000. AXQ Capital LP purchased a new position in Ur Energy in the 2nd quarter worth approximately $31,000. Earned Wealth Advisors LLC purchased a new position in Ur Energy in the 1st quarter worth approximately $37,000. Finally, J.W. Cole Advisors Inc. lifted its position in Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 14,500 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors.

About Ur Energy

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company's core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company's flagship asset is the Lost Creek Project in Wyoming's Great Divide Basin, which commenced commercial production in 2013.

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