HC Wainwright Cuts Ur Energy (NYSEAMERICAN:URG) Price Target to $2.20

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price objective trimmed by HC Wainwright from $2.30 to $2.20 in a research note released on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the basic materials company’s stock. HC Wainwright also issued estimates for Ur Energy’s FY2026 earnings at ($0.14) EPS.

A number of other equities research analysts also recently weighed in on URG. Royal Bank Of Canada started coverage on shares of Ur Energy in a research report on Monday, July 13th. They set an “outperform” rating and a $1.75 price objective for the company. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Northland Securities set a $2.35 target price on Ur Energy in a research note on Tuesday, May 12th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $2.34.

Ur Energy Stock Performance

Ur Energy stock opened at $1.34 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. Ur Energy has a 12 month low of $1.12 and a 12 month high of $2.35. The company has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $1.54. The company has a market cap of $532.50 million, a PE ratio of -6.09 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 105.96% and a negative net margin of 252.75%.The business had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Research analysts expect that Ur Energy will post -0.12 earnings per share for the current year.

Institutional Trading of Ur Energy

A number of large investors have recently modified their holdings of URG. Alps Advisors Inc. grew its holdings in Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after buying an additional 4,628,176 shares in the last quarter. BlackRock Inc. bought a new position in shares of Ur Energy in the second quarter valued at approximately $38,936,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ur Energy by 2.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,354,823 shares of the basic materials company’s stock valued at $38,225,000 after acquiring an additional 497,280 shares during the period. Van ECK Associates Corp acquired a new position in shares of Ur Energy during the fourth quarter valued at approximately $28,361,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Ur Energy by 5.1% during the first quarter. The Manufacturers Life Insurance Company now owns 16,516,010 shares of the basic materials company’s stock valued at $24,279,000 after acquiring an additional 803,571 shares during the period. 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.