Ur-Energy (NYSEAMERICAN:URG) Price Target Cut to $3.30 by Analysts at HC Wainwright

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price objective decreased by HC Wainwright from $3.40 to $3.30 in a research note issued to investors on Wednesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.

Other research analysts have also issued reports about the stock. Roth Mkm cut their target price on shares of Ur-Energy from $2.40 to $2.20 and set a buy rating for the company in a research report on Thursday, March 14th. B. Riley assumed coverage on shares of Ur-Energy in a report on Friday, February 2nd. They issued a buy rating and a $3.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Ur-Energy has an average rating of Moderate Buy and a consensus target price of $2.83.

Ur-Energy Stock Up 0.6 %

Shares of URG opened at $1.75 on Wednesday. The stock has a market capitalization of $492.82 million, a P/E ratio of -14.54 and a beta of 1.10. Ur-Energy has a fifty-two week low of $0.84 and a fifty-two week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%. Sell-side analysts expect that Ur-Energy will post -0.03 earnings per share for the current year.

Institutional Trading of Ur-Energy

Several institutional investors have recently bought and sold shares of URG. Jump Financial LLC purchased a new stake in shares of Ur-Energy during the fourth quarter valued at $109,000. Cannon Global Investment Management LLC purchased a new position in shares of Ur-Energy during the first quarter valued at approximately $224,000. U S Global Investors Inc. bought a new position in Ur-Energy during the fourth quarter valued at approximately $231,000. Verity Asset Management Inc. boosted its holdings in Ur-Energy by 6.4% in the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 12,005 shares during the last quarter. Finally, Shell Asset Management Co. bought a new stake in Ur-Energy in the 3rd quarter worth approximately $504,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur-Energy Company Profile

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.