Ur Energy Inc (NYSEAMERICAN:URG) Given Average Rating of “Buy” by Brokerages

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2.3167.

A number of brokerages have issued reports on URG. HC Wainwright cut their target price on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Royal Bank Of Canada lowered their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Finally, B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th.

Insider Activity

In other news, CFO Roger L. Smith sold 103,536 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.43, for a total value of $148,056.48. Following the completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. Also, Director Robby Sai Kit Chang sold 75,588 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.41, for a total value of $106,579.08. Following the completion of the transaction, the director directly owned 96,449 shares of the company’s stock, valued at approximately $135,993.09. This trade represents a 43.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 587,005 shares of company stock worth $838,231 in the last quarter. 1.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC acquired a new stake in shares of Ur Energy during the 3rd quarter worth about $36,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Ur Energy in the first quarter valued at approximately $31,000. AXQ Capital LP acquired a new position in shares of Ur Energy in the second quarter valued at approximately $31,000. Earned Wealth Advisors LLC purchased a new position in shares of Ur Energy during the first quarter valued at approximately $37,000. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Ur Energy by 96.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after buying an additional 14,500 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Trading Down 0.7%

Shares of URG stock opened at $1.38 on Thursday. Ur Energy has a fifty-two week low of $1.12 and a fifty-two week high of $2.35. The stock has a market cap of $548.40 million, a P/E ratio of -6.27 and a beta of 0.94. The business has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.50. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data 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). The business had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. On average, analysts forecast that Ur Energy will post -0.16 earnings per share for the current fiscal year.

About Ur Energy

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.