Ur-Energy (NYSEAMERICAN:URG) Receives Buy Rating from Roth Mkm

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE)‘s stock had its “buy” rating reiterated by analysts at Roth Mkm in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $2.20 price target on the basic materials company’s stock, up from their prior price target of $1.90. Roth Mkm’s price objective indicates a potential upside of 69.88% from the company’s previous close.

Several other research analysts have also recently weighed in on URG. HC Wainwright reduced their price target on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a report on Wednesday, August 14th. B. Riley reduced their price target on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Ventum Cap Mkts upgraded shares of Ur-Energy to a “strong-buy” rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.30.

Ur-Energy Stock Up 2.0 %

Shares of NYSEAMERICAN URG opened at $1.30 on Wednesday. The company has a market cap of $469.14 million, a P/E ratio of -7.19 and a beta of 1.12. Ur-Energy has a 52-week low of $0.96 and a 52-week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Friday, August 9th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $4.65 million during the quarter, compared to analyst estimates of $4.60 million. As a group, equities research analysts predict that Ur-Energy will post -0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Steven M. Hatten sold 179,733 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $1.19, for a total transaction of $213,882.27. Following the completion of the transaction, the chief operating officer now owns 303,977 shares in the company, valued at approximately $361,732.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Ur-Energy news, insider Penne A. Goplerud sold 100,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.19, for a total transaction of $119,000.00. Following the sale, the insider now directly owns 412,895 shares of the company’s stock, valued at approximately $491,345.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Steven M. Hatten sold 179,733 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.19, for a total transaction of $213,882.27. Following the sale, the chief operating officer now directly owns 303,977 shares in the company, valued at $361,732.63. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 605,480 shares of company stock worth $726,708. 3.29% of the stock is owned by insiders.

Institutional Trading of Ur-Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lloyd Harbor Capital Management LLC raised its position in Ur-Energy by 167.4% during the second quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company’s stock worth $11,406,000 after acquiring an additional 5,100,000 shares in the last quarter. Azarias Capital Management L.P. raised its position in shares of Ur-Energy by 12.2% in the second quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company’s stock valued at $22,918,000 after purchasing an additional 1,786,023 shares during the period. Goehring & Rozencwajg Associates LLC raised its position in shares of Ur-Energy by 21.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock valued at $4,104,000 after purchasing an additional 517,800 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Ur-Energy in the second quarter valued at about $1,099,000. Finally, Toronto Dominion Bank raised its position in shares of Ur-Energy by 153,746.2% in the first quarter. Toronto Dominion Bank now owns 500,000 shares of the basic materials company’s stock valued at $800,000 after purchasing an additional 499,675 shares during the period. 57.51% of the stock is owned by institutional investors.

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.