HC Wainwright Lowers Ur-Energy (NYSEAMERICAN:URG) Price Target to $3.30

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE had its price objective reduced by equities research analysts at HC Wainwright from $3.40 to $3.30 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the basic materials company's stock. HC Wainwright's price target suggests a potential upside of 89.11% from the company's current price.

A number of other research firms also recently weighed in on URG. B. Riley initiated coverage on Ur-Energy in a research report on Friday, February 2nd. They set a "buy" rating and a $3.00 target price on the stock. Roth Mkm lowered their price objective on Ur-Energy from $2.40 to $2.20 and set a "buy" rating on the stock in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $2.83.

Ur-Energy Stock Down 2.5 %

URG stock traded down $0.04 during midday trading on Wednesday, hitting $1.75. 3,558,380 shares of the company traded hands, compared to its average volume of 3,195,929. Ur-Energy has a twelve month low of $0.84 and a twelve month high of $2.01. The company has a market cap of $491.44 million, a PE ratio of -14.54 and a beta of 1.10.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last posted its earnings results on Monday, May 6th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%. As a group, equities analysts expect that Ur-Energy will post -0.03 EPS for the current fiscal year.

Institutional Trading of Ur-Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ur-Energy by 26.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company's stock worth $21,951,000 after acquiring an additional 2,956,468 shares during the period. Shell Asset Management Co. bought a new stake in Ur-Energy in the third quarter valued at about $504,000. Van ECK Associates Corp lifted its stake in Ur-Energy by 28.2% in the third quarter. Van ECK Associates Corp now owns 876,832 shares of the basic materials company's stock valued at $1,350,000 after buying an additional 192,947 shares during the period. Citigroup Inc. boosted its holdings in Ur-Energy by 707,496.3% during the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company's stock worth $863,000 after buying an additional 565,997 shares during the last quarter. Finally, EAM Investors LLC acquired a new position in shares of Ur-Energy during the 3rd quarter worth about $1,186,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.