Royal Bank Of Canada Cuts Ur Energy (NYSEAMERICAN:URG) Price Target to $1.60

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target decreased by Royal Bank Of Canada from $1.75 to $1.60 in a research note released on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the basic materials company’s stock.

URG has been the subject of a number of other reports. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 price objective on Ur Energy in a research report on Tuesday, May 12th. HC Wainwright reduced their price objective on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Roth Capital reaffirmed a “buy” rating and set a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Two 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $2.32.

Ur Energy Trading Up 4.5%

Shares of URG stock opened at $1.40 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. The company has a market capitalization of $556.35 million, a price-to-earnings ratio of -6.36 and a beta of 0.95. Ur Energy has a 52-week low of $1.12 and a 52-week high of $2.35. The company has a 50-day simple moving average of $1.35 and a two-hundred day simple moving average of $1.52.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.The firm had revenue of $14.37 million for the quarter, compared to the consensus estimate of $14.36 million. Research analysts anticipate that Ur Energy will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Ur Energy

Several large investors have recently modified their holdings of URG. Van ECK Associates Corp bought a new stake in shares of Ur Energy in the 2nd quarter worth approximately $31,875,000. Bank of America Corp DE bought a new position in Ur Energy during the second quarter valued at $757,000. Legal & General Group Plc bought a new position in Ur Energy during the second quarter valued at $50,000. The Manufacturers Life Insurance Company purchased a new stake in Ur Energy in the second quarter worth $22,602,000. Finally, Quantbot Technologies LP purchased a new stake in Ur Energy in the second quarter worth $448,000. Hedge funds and other institutional investors 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.