HC Wainwright Issues Pessimistic Forecast for Ur Energy (NYSEAMERICAN:URG) Stock Price

Key Points

• HC Wainwright lowered Ur Energy’s price target to $2.20 from $2.30 while maintaining a “buy” rating, implying 56.58% potential upside from the $1.41 share price.
• Analyst sentiment remains positive overall, with two “strong buy” and four “buy” ratings and an average price target of $2.34.
• Ur Energy reported a quarterly loss of $0.04 per share, missing estimates by $0.01, while revenue of $14.37 million was broadly in line with expectations; institutional investors own 57.51% of the stock.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE had its price target decreased by investment analysts at HC Wainwright from $2.30 to $2.20 in a report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the basic materials company's stock. HC Wainwright's price objective would indicate a potential upside of 56.58% from the stock's current price.

Other analysts have also recently issued research reports about the company. Roth Capital reissued a "buy" rating and set a $2.00 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial upgraded Ur Energy to a "strong-buy" rating in a report on Thursday, May 14th. Royal Bank Of Canada started coverage on shares of Ur Energy in a research report on Monday, July 13th. They issued an "outperform" rating and a $1.75 target price for the company. Finally, Northland Securities set a $2.35 price objective on Ur Energy in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $2.34.

Ur Energy Price Performance

URG traded down $0.01 on Tuesday, reaching $1.41. The company had a trading volume of 3,211,911 shares, compared to its average volume of 9,767,026. The company has a market capitalization of $558.33 million, a P/E ratio of -5.85 and a beta of 0.95. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $1.41 and a 200-day moving average of $1.55. Ur Energy has a one year low of $1.12 and a one year high of $2.35.

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) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The company had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative net margin of 298.18% and a negative return on equity of 98.81%. As a group, equities research analysts anticipate that Ur Energy will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of URG. CTC Alternative Strategies Ltd. bought a new stake in Ur Energy in the 1st quarter valued at $31,000. TD Waterhouse Canada Inc. lifted its stake in Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company's stock worth $33,000 after purchasing an additional 19,700 shares during the period. Gabelli Funds LLC acquired a new stake in Ur Energy during the third quarter valued at approximately $36,000. Earned Wealth Advisors LLC bought a new stake in shares of Ur Energy in the 1st quarter valued at approximately $37,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Ur Energy in the 2nd quarter valued at approximately $38,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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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