Ur Energy (NYSEAMERICAN:URG) Price Target Cut to $1.60 by Analysts at Royal Bank Of Canada

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target cut by analysts at Royal Bank Of Canada from $1.75 to $1.60 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 16.36% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Northland Securities set a $2.35 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Roth Capital reaffirmed a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. Finally, HC Wainwright reduced their price objective on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Ur Energy has an average rating of “Buy” and an average price target of $2.32.

Ur Energy Stock Performance

Shares of Ur Energy stock traded up $0.03 during trading on Monday, reaching $1.38. The company’s stock had a trading volume of 783,343 shares, compared to its average volume of 9,631,485. Ur Energy has a one year low of $1.12 and a one year high of $2.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. The firm has a market cap of $546.41 million, a price-to-earnings ratio of -6.25 and a beta of 0.95. The business’s fifty day moving average price is $1.36 and its 200-day moving average price is $1.54.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $14.37 million for the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. As a group, equities research analysts predict that Ur Energy will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URG. J.W. Cole Advisors Inc. boosted its stake in shares of Ur Energy by 96.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 14,500 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Ur Energy by 52.3% in the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 14,755 shares during the last quarter. Virtu Financial LLC increased its position in shares of Ur Energy by 21.3% during the 3rd quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 18,735 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 19,700 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new stake in shares of Ur Energy during the 3rd quarter worth about $36,000. Institutional investors own 57.51% of the company’s stock.

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.