HC Wainwright Trims Ur-Energy (NYSEAMERICAN:URG) Target Price to $3.40

Ur-Energy (NYSEAMERICAN:URG - Free Report) TSE: URE had its target price cut by HC Wainwright from $3.60 to $3.40 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the basic materials company's stock.

Other research analysts also recently issued research reports about the company. Roth Mkm reduced their price objective on Ur-Energy from $2.40 to $2.20 and set a buy rating for the company in a research note on Thursday, March 14th. B. Riley started coverage on Ur-Energy in a research report on Friday, February 2nd. They set a buy rating and a $3.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $2.87.

Ur-Energy Stock Up 1.2 %

Shares of NYSEAMERICAN URG traded up $0.02 during midday trading on Thursday, hitting $1.63. 1,831,638 shares of the stock traded hands, compared to its average volume of 3,186,013. The company has a market cap of $459.06 million, a price-to-earnings ratio of -13.25 and a beta of 1.11. Ur-Energy has a one year low of $0.84 and a one year high of $2.01.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. The business had revenue of $5.44 million during the quarter, compared to the consensus estimate of $5.10 million. On average, equities research analysts anticipate that Ur-Energy will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Ur-Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Azarias Capital Management L.P. lifted its holdings in Ur-Energy by 1.1% in the 1st quarter. Azarias Capital Management L.P. now owns 14,584,181 shares of the basic materials company's stock worth $23,335,000 after buying an additional 165,082 shares during the period. Cannon Global Investment Management LLC purchased a new stake in Ur-Energy in the 1st quarter worth approximately $224,000. Goehring & Rozencwajg Associates LLC lifted its holdings in Ur-Energy by 3.6% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company's stock worth $3,442,000 after buying an additional 78,440 shares during the period. Verity Asset Management Inc. lifted its holdings in Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company's stock worth $305,000 after buying an additional 12,005 shares during the period. Finally, Jump Financial LLC purchased a new stake in Ur-Energy in the 4th quarter worth approximately $109,000. 57.51% of the stock is currently owned by institutional investors.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.