Ur Energy Inc (NYSEAMERICAN:URG) Stock Has Average Price Target of $2.28 According to Brokerages

Key Points

• Analysts maintain a bullish view: six firms rate Ur-Energy “Buy,” including two “Strong Buy” ratings, with an average 12-month price target of $2.28. Recent target reductions placed estimates at $2.20 from HC Wainwright and $1.60 from RBC.
• Ur-Energy shares opened at $1.13, near the company’s 52-week low of $1.12 and below its 50-day and 200-day moving averages. The company reported quarterly revenue of $14.37 million but missed EPS estimates, posting a loss of $0.04 per share.
• Institutional ownership stands at 57.51%: major investors including BlackRock and VanEck initiated positions, while insiders sold more shares than they bought over the past three months.

Shares of Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE have earned a consensus rating of "Buy" from the six research firms that are presently covering the firm, 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 12-month target price among analysts that have updated their coverage on the stock in the last year is $2.28.

URG has been the topic of a number of recent analyst reports. HC Wainwright dropped their price target on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Royal Bank Of Canada decreased their price objective on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating for the company in a research note on Monday, August 17th.

Ur Energy Price Performance

Shares of NYSEAMERICAN:URG opened at $1.13 on Monday. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The stock's fifty day simple moving average is $1.31 and its two-hundred day simple moving average is $1.47. Ur Energy has a 1-year low of $1.12 and a 1-year high of $2.35. The stock has a market cap of $449.05 million, a PE ratio of -5.14 and a beta of 0.94.

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

Insider Transactions at Ur Energy

In other news, CFO Roger L. Smith sold 103,536 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1.43, for a total value 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 represents a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary C. Huber sold 87,858 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the transaction, the director directly owned 558,016 shares of the company's stock, valued at approximately $825,863.68. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have bought 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. 1.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. raised its stake in shares of Ur Energy by 11.8% during the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company's stock worth $60,922,000 after purchasing an additional 4,628,176 shares during the period. BlackRock Inc. bought a new position in Ur Energy during the second quarter valued at about $38,936,000. Van ECK Associates Corp bought a new position in Ur Energy during the second quarter valued at about $31,875,000. The Manufacturers Life Insurance Company purchased a new stake in Ur Energy during the second quarter worth about $22,602,000. Finally, CenterBook Partners LP increased its holdings in Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company's stock worth $14,819,000 after buying an additional 6,458,113 shares during the last quarter. Institutional investors own 57.51% of the company's stock.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company's activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy's primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming's Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.

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