Ur Energy Inc (NYSEAMERICAN:URG) Stock Has Consensus Target Price of $2.28

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given an average recommendation of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $2.28.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research note on Monday, August 17th. HC Wainwright reduced their target price on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th.

Ur Energy Stock Down 2.7%

Shares of URG opened at $1.08 on Monday. The company’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.46. Ur Energy has a 12-month low of $1.07 and a 12-month high of $2.35. 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 firm has a market cap of $429.18 million, a P/E ratio of -4.91 and a beta of 0.94.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued 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). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.The company had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. On average, sell-side analysts forecast that Ur Energy will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Roger L. Smith sold 103,536 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1.43, for a total transaction of $148,056.48. Following the sale, the chief financial officer owned 651,562 shares of the company’s stock, valued at approximately $931,733.66. This trade represents a 13.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jade Walle purchased 96,556 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average cost of $1.14 per share, with a total value of $110,073.84. Following the completion of the acquisition, the vice president directly owned 424,037 shares of the company’s stock, valued at $483,402.18. This represents a 29.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 182,137 shares of company stock valued at $221,773 and sold 587,005 shares valued at $838,231. Corporate insiders own 1.63% of the company’s stock.

Hedge Funds Weigh In On Ur Energy

A number of institutional investors have recently modified their holdings of URG. CTC Alternative Strategies Ltd. purchased a new position in Ur Energy in the 1st quarter valued at $31,000. AXQ Capital LP acquired a new stake in shares of Ur Energy in the 2nd quarter worth $31,000. Earned Wealth Advisors LLC acquired a new stake in shares of Ur Energy in the 1st quarter worth $37,000. Legal & General Group Plc purchased a new stake in shares of Ur Energy in the second quarter valued at about $50,000. Finally, GFG Capital LLC purchased a new stake in shares of Ur Energy in the second quarter valued at about $61,000. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company’s activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy’s primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming’s Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.