Ur Energy Inc (NYSEAMERICAN:URG) Stock Has Average Price Target of $2.28

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received a consensus rating of “Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.23.

A number of research analysts have issued reports on the company. Royal Bank Of Canada cut their price objective on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. B. Riley Financial dropped their target price on Ur Energy from $2.50 to $2.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, HC Wainwright lowered their price objective on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th.

Ur Energy Stock Down 2.4%

Shares of URG stock opened at $0.90 on Friday. Ur Energy has a one year low of $0.79 and a one year high of $2.15. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. The stock has a fifty day moving average price of $1.14 and a 200 day moving average price of $1.45. The stock has a market cap of $357.43 million, a P/E ratio of -4.07 and a beta of 1.15.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. Analysts predict that Ur Energy will post -0.16 earnings per share for the current year.

Insider Activity at Ur Energy

In related news, CFO Roger L. Smith sold 103,536 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1.43, for a total transaction of $148,056.48. Following the completion of the sale, the chief financial officer directly owned 651,562 shares of the company’s stock, valued at $931,733.66. The trade was a 13.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Jade Walle acquired 96,556 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price of $1.14 per share, for a total transaction of $110,073.84. Following the completion of the acquisition, the vice president directly owned 424,037 shares of the company’s stock, valued at $483,402.18. This trade represents a 29.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 182,137 shares of company stock worth $221,773 and sold 587,005 shares worth $838,231. 1.63% of the stock is currently owned by company insiders.

Institutional Trading of Ur Energy

Several institutional investors and hedge funds have recently made changes to their positions in URG. BlackRock Inc. acquired a new position in shares of Ur Energy during the 2nd quarter worth about $38,936,000. Van ECK Associates Corp bought a new position in Ur Energy during the 2nd quarter worth approximately $31,875,000. The Manufacturers Life Insurance Company acquired a new position in Ur Energy during the second quarter valued at approximately $22,602,000. Goehring & Rozencwajg Associates LLC grew its holdings in Ur Energy by 22.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 4,253,094 shares of the basic materials company’s stock valued at $6,337,000 after purchasing an additional 785,173 shares during the period. Finally, Deutsche Bank AG bought a new stake in Ur Energy in the second quarter valued at approximately $4,645,000. Institutional investors own 57.51% of the company’s stock.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.