Ur-Energy (NYSEAMERICAN:URG) Price Target Cut to $3.30

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its target price dropped by HC Wainwright from $3.40 to $3.30 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target would suggest a potential upside of 83.84% from the company’s current price.

Other analysts have also recently issued research reports about the stock. B. Riley started coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $3.00 price target on the stock. Roth Mkm cut their price objective on shares of Ur-Energy from $2.40 to $2.20 and set a “buy” rating on the stock in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.80.

Ur-Energy Trading Up 3.2 %

Shares of URG opened at $1.80 on Wednesday. The firm has a market cap of $505.53 million, a price-to-earnings ratio of -14.96 and a beta of 1.10. Ur-Energy has a 12 month low of $0.84 and a 12 month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%. As a group, sell-side analysts predict that Ur-Energy will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Ur-Energy

Large investors have recently added to or reduced their stakes in the business. Jump Financial LLC bought a new position in Ur-Energy in the 4th quarter valued at about $109,000. Cannon Global Investment Management LLC bought a new position in Ur-Energy in the 1st quarter valued at about $224,000. U S Global Investors Inc. purchased a new stake in Ur-Energy in the 4th quarter valued at about $231,000. Verity Asset Management Inc. increased its stake in Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock valued at $305,000 after buying an additional 12,005 shares during the last quarter. Finally, Anthracite Investment Company Inc. purchased a new stake in Ur-Energy in the 1st quarter valued at about $348,000. Institutional investors own 57.51% of the company’s stock.

About Ur-Energy

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 35,400 acres located in the Great Divide Basin, Wyoming.