Ur Energy Inc (URG) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts remain bullish: Ur-Energy has a consensus “Buy” rating, with four buy ratings and two strong-buy ratings. The average 12-month price target is $2.28, despite recent target reductions from HC Wainwright and RBC.
• Institutional ownership increased significantly: Major investors including BlackRock, VanEck, Manufacturers Life Insurance, and Deutsche Bank established new positions, while Tidal Investments sharply expanded its stake. Institutions now own 57.51% of the company.
• Shares and operating results remain weak: URG opened at $0.82, near its 12-month low, after reporting a quarterly EPS loss of $0.04 versus expectations of a $0.03 loss. The company continues to post negative profitability metrics, including a negative net margin of 252.75%.

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

Several equities analysts recently issued reports on URG shares. HC Wainwright reduced their price objective on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada decreased their target price on Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a research report on Monday, August 17th.

Insider Buying and Selling at Ur Energy

In other news, COO Steven M. Hatten sold 81,576 shares of Ur Energy stock in a transaction on Friday, August 21st. The stock was sold at an average price of $1.39, for a total transaction of $113,390.64. Following the completion of the transaction, the chief operating officer owned 345,764 shares of the company's stock, valued at $480,611.96. The trade was a 19.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jade Walle acquired 96,556 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price 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 ninety days, insiders have acquired 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. Corporate insiders own 1.63% of the company's stock.

Institutional Trading of Ur Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Ur Energy in the second quarter valued at approximately $38,936,000. Van ECK Associates Corp purchased a new position in shares of Ur Energy during the 2nd quarter worth approximately $31,875,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ur Energy during the 2nd quarter worth approximately $22,602,000. Deutsche Bank AG acquired a new position in shares of Ur Energy during the 2nd quarter worth approximately $4,645,000. Finally, Tidal Investments LLC raised its position in shares of Ur Energy by 10,309.6% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Trading Down 7.4%

Shares of Ur Energy stock opened at $0.82 on Friday. Ur Energy has a 12-month low of $0.79 and a 12-month high of $2.15. 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 has a market cap of $325.21 million, a PE ratio of -3.71 and a beta of 1.15. The company has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.40.

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 the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $14.37 million for the quarter, compared to analysts' expectations of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. On average, research analysts anticipate that Ur Energy will post -0.16 EPS for the current fiscal year.

Ur Energy Company Profile

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.

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