Ur-Energy (NYSEAMERICAN:URG) Price Target Cut to $2.10

Ur-Energy (NYSEAMERICAN:URG - Free Report) TSE: URE had its price objective reduced by Roth Mkm from $2.20 to $2.10 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the basic materials company's stock.

Several other equities research analysts have also recently commented on URG. HC Wainwright lowered their target price on Ur-Energy from $3.40 to $3.30 and set a buy rating for the company in a research note on Wednesday. B. Riley assumed coverage on Ur-Energy in a report on Friday, February 2nd. They set a buy rating and a $3.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Ur-Energy has a consensus rating of Moderate Buy and an average price target of $2.80.

Ur-Energy Price Performance

Shares of Ur-Energy stock traded up $0.05 during midday trading on Thursday, hitting $1.80. 2,530,225 shares of the company were exchanged, compared to its average volume of 3,188,540. Ur-Energy has a 52 week low of $0.84 and a 52 week high of $2.01. The company has a market capitalization of $505.53 million, a PE ratio of -14.92 and a beta of 1.10.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in URG. Verity Asset Management Inc. grew its stake in shares of Ur-Energy by 6.4% in the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company's stock valued at $305,000 after buying an additional 12,005 shares in the last quarter. Jump Financial LLC bought a new position in shares of Ur-Energy in the 4th quarter valued at about $109,000. Goehring & Rozencwajg Associates LLC increased its stake in shares of Ur-Energy by 3.6% during 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 purchasing an additional 78,440 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of Ur-Energy in the 1st quarter valued at about $224,000. Finally, U S Global Investors Inc. acquired a new stake in Ur-Energy in the 4th quarter valued at about $231,000. Institutional investors own 57.51% of the company's stock.

About Ur-Energy

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.