Ur Energy Inc (NYSEAMERICAN:URG) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts rate Ur-Energy “Buy” overall: Four of six analysts recommend buying the stock, while two rate it a strong buy. The average 12-month price target is $2.36, above its reported $1.40 share price.
• Recent financial results fell short of expectations: Ur-Energy reported a quarterly loss of $0.07 per share versus the expected $0.04 loss, while revenue of $3.9 million missed estimates of $9.86 million.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 57.51% of the company, with several firms recently increasing their stakes or initiating new positions.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE has been given a consensus recommendation of "Buy" by the six brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $2.3583.

URG has been the subject of a number of recent research reports. HC Wainwright reissued a "buy" rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Northland Securities set a $2.35 target price on shares of Ur Energy in a report on Tuesday, May 12th. Roth Capital reaffirmed a "buy" rating and set a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. B. Riley Financial upgraded shares of Ur Energy to a "strong-buy" rating in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada assumed coverage on Ur Energy in a research note on Monday, July 13th. They issued an "outperform" rating and a $1.75 price target on the stock.

Ur Energy Price Performance

Ur Energy stock opened at $1.40 on Friday. The business's 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.56. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. The stock has a market cap of $556.35 million, a price-to-earnings ratio of -5.83 and a beta of 0.95. Ur Energy has a 12-month low of $1.12 and a 12-month high of $2.35.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last released its earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The business had revenue of $3.90 million for the quarter, compared to analyst estimates of $9.86 million. Ur Energy had a negative net margin of 298.18% and a negative return on equity of 98.81%. As a group, research analysts anticipate that Ur Energy will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Ur Energy

Several hedge funds have recently added to or reduced their stakes in the stock. Azarias Capital Management L.P. increased its stake in shares of Ur Energy by 3.3% in the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company's stock valued at $19,391,000 after acquiring an additional 445,857 shares during the last quarter. Segra Capital Management LLC boosted its stake in Ur Energy by 159,828.6% during the 1st quarter. Segra Capital Management LLC now owns 1,599,286 shares of the basic materials company's stock worth $2,383,000 after acquiring an additional 1,598,286 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in Ur Energy by 22.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,253,094 shares of the basic materials company's stock worth $6,337,000 after acquiring an additional 785,173 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in Ur Energy during the fourth quarter valued at approximately $2,871,000. Finally, Simcoe Capital LLC acquired a new position in Ur Energy during the fourth quarter valued at approximately $2,173,000. Institutional investors and hedge funds own 57.51% of the company's stock.

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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