Ur Energy (NYSEAMERICAN:URG) Trading Down 3% – What’s Next?

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) fell 3% during trading on Monday . The stock traded as low as $1.27 and last traded at $1.28. 7,215,136 shares changed hands during trading, a decline of 50% from the average session volume of 14,384,005 shares. The stock had previously closed at $1.32.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on URG. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Canaccord Genuity Group initiated coverage on shares of Ur Energy in a research report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target for the company. HC Wainwright reaffirmed a “buy” rating and issued a $2.30 target price on shares of Ur Energy in a report on Monday, April 27th. Finally, Royal Bank Of Canada began coverage on Ur Energy in a research note on Monday. They set an “outperform” rating and a $1.75 price target on the stock. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, Ur Energy presently has an average rating of “Buy” and a consensus target price of $2.45.

Ur Energy Stock Performance

The firm has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $1.60. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The company has a market cap of $522.49 million, a price-to-earnings ratio of -5.48 and a beta of 0.91.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Friday, May 8th. The basic materials company reported ($0.07) 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 the consensus estimate of $9.86 million. Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%. On average, sell-side analysts expect that Ur Energy Inc will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp bought a new stake in Ur Energy during the 4th quarter worth approximately $28,361,000. The Manufacturers Life Insurance Company purchased a new position in shares of Ur Energy during the fourth quarter worth approximately $21,683,000. CenterBook Partners LP lifted its stake in Ur Energy by 153.7% in the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after purchasing an additional 6,458,113 shares during the last quarter. Alps Advisors Inc. grew its position in Ur Energy by 11.8% during the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after acquiring an additional 4,628,176 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Ur Energy by 1,111.5% in the third quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock worth $7,748,000 after purchasing an additional 3,971,261 shares during the last quarter. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Company Profile

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.