Ur Energy Inc (NYSEAMERICAN:URG) Receives $2.45 Consensus Target Price from Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $2.45.

A number of equities analysts recently commented on URG shares. Roth Capital restated a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Canaccord Genuity Group started coverage on shares of Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 target price for the company. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, HC Wainwright restated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th.

Ur Energy Stock Performance

Shares of NYSEAMERICAN URG opened at $1.23 on Wednesday. The business’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $1.59. 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 one year low of $1.12 and a one year high of $2.35. The company has a market capitalization of $488.72 million, a P/E ratio of -5.12 and a beta of 0.91.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $9.86 million. Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%. Analysts anticipate that Ur Energy will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ur Energy

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp acquired a new stake in shares of Ur Energy in the fourth quarter worth about $28,361,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ur Energy during the 4th quarter valued at about $21,683,000. CenterBook Partners LP increased its holdings in shares of Ur Energy by 153.7% during the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after acquiring an additional 6,458,113 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of 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 valued at $60,922,000 after acquiring an additional 4,628,176 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Ur Energy by 1,111.5% in the 3rd quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock valued at $7,748,000 after acquiring an additional 3,971,261 shares in the last quarter. 57.51% of the stock is currently owned by institutional investors.

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.