Ur Energy (NYSEAMERICAN:URG) Stock Gets Price Target Trim from B. Riley Financial

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its target price decreased by B. Riley Financial from $2.50 to $2.00 in a research note published on Wednesday,Benzinga reports. B. Riley Financial currently has a buy rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada cut their price objective on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. HC Wainwright decreased their target price on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $2.23.

Ur Energy Stock Performance

NYSEAMERICAN URG opened at $0.85 on Wednesday. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.45. Ur Energy has a 12-month low of $0.79 and a 12-month high of $2.15. The stock has a market capitalization of $339.65 million, a price-to-earnings ratio of -3.87 and a beta of 1.15.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results 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). Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. The business had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Research analysts expect that Ur Energy will post -0.16 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gary C. Huber sold 87,858 shares of Ur Energy stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the transaction, the director directly owned 558,016 shares of the company’s stock, valued at approximately $825,863.68. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Roger L. Smith sold 103,536 shares of Ur Energy 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 transaction, the chief financial officer directly owned 651,562 shares of the company’s stock, valued at approximately $931,733.66. This represents a 13.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have acquired 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. 1.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in URG. CTC Alternative Strategies Ltd. acquired a new position in Ur Energy in the 1st quarter valued at about $31,000. AXQ Capital LP purchased a new position in Ur Energy in the 2nd quarter valued at about $31,000. Pacer Advisors Inc. boosted its stake in shares of Ur Energy by 2.0% during the 1st quarter. Pacer Advisors Inc. now owns 1,220,144 shares of the basic materials company’s stock worth $1,818,000 after purchasing an additional 24,386 shares during the last quarter. Earned Wealth Advisors LLC acquired a new stake in shares of Ur Energy during the 1st quarter worth about $37,000. Finally, Legal & General Group Plc acquired a new stake in shares of Ur Energy during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.