Ur Energy Inc (NYSEAMERICAN:URG) Receives Consensus Rating of “Buy” from Analysts

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.45.

Several research analysts recently commented on the company. Royal Bank Of Canada started coverage on Ur Energy in a research note on Monday. They issued an “outperform” rating and a $1.75 price objective for the company. Canaccord Genuity Group started coverage on shares of Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 target price on the stock. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Roth Capital reiterated a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, HC Wainwright reissued a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.34 on Wednesday. The stock has a market capitalization of $532.42 million, a P/E ratio of -5.58 and a beta of 0.91. The business has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.60. Ur Energy has a 12 month low of $1.12 and a 12 month high of $2.35. 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 (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $3.90 million during the quarter, compared to analyst estimates of $9.86 million. Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%. As a group, analysts predict that Ur Energy will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. lifted its holdings in Ur Energy by 96.7% in 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 acquiring an additional 14,500 shares during the last quarter. Raymond James Financial Inc. increased its stake in Ur Energy by 52.3% during the third quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 14,755 shares during the last quarter. Virtu Financial LLC increased its stake in Ur Energy by 21.3% during the third quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 18,735 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Ur Energy by 378.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 19,700 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Ur Energy in the 3rd quarter valued at $36,000. 57.51% of the stock is owned by hedge funds and other 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.