Ur-Energy (NYSEAMERICAN:URG) Lowered to “Sell” at Zacks Investment Research

Ur-Energy (NYSEAMERICAN:URGGet Rating) (TSE:URE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. They have produced, packaged and shipped more than two million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate their LC East project area into the Lost Creek permits, and they have begun to submit applications for permits and licenses to construct and operate at their Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. “

Separately, TheStreet raised Ur-Energy from a “d” rating to a “c-” rating in a research report on Friday, March 18th.

NYSEAMERICAN:URG traded up $0.03 on Tuesday, reaching $1.19. The company’s stock had a trading volume of 67,275 shares, compared to its average volume of 2,685,489. Ur-Energy has a 1-year low of $1.01 and a 1-year high of $2.15. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 0.16. The stock has a market cap of $258.92 million, a price-to-earnings ratio of -9.83 and a beta of 1.32.

Ur-Energy (NYSEAMERICAN:URGGet Rating) (TSE:URE) last posted its quarterly earnings data on Monday, May 2nd. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01).

In related news, Chairman Jeffrey T. Klenda sold 239,422 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of $1.80, for a total transaction of $430,959.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Ur-Energy by 23.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,983,176 shares of the basic materials company’s stock valued at $17,573,000 after buying an additional 2,122,070 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of Ur-Energy by 35.8% during the first quarter. Banque Cantonale Vaudoise now owns 89,831 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 23,705 shares during the period. New York State Common Retirement Fund increased its stake in shares of Ur-Energy by 75.2% during the first quarter. New York State Common Retirement Fund now owns 131,568 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 56,482 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of Ur-Energy by 8.9% during the first quarter. Advisor Group Holdings Inc. now owns 169,669 shares of the basic materials company’s stock worth $734,000 after purchasing an additional 13,870 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Ur-Energy by 36.1% during the first quarter. Exchange Traded Concepts LLC now owns 9,642,050 shares of the basic materials company’s stock worth $15,427,000 after purchasing an additional 2,556,256 shares during the period. Hedge funds and other institutional investors own 27.67% of the company’s stock.

Ur-Energy Company Profile (Get Rating)

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 48,000 acres located in the Great Divide Basin, Wyoming.

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