Ur Energy (NYSEAMERICAN:URG) Stock Gets Price Target Cut from HC Wainwright

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its target price cut by HC Wainwright from $2.20 to $1.80 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright‘s target price points to a potential upside of 143.90% from the company’s current price.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada cut their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. B. Riley Financial cut their price target on Ur Energy from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $2.17.

Ur Energy Price Performance

Shares of NYSEAMERICAN URG traded down $0.07 during mid-day trading on Tuesday, reaching $0.74. The company had a trading volume of 1,155,844 shares, compared to its average volume of 9,400,464. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. Ur Energy has a one year low of $0.68 and a one year high of $2.15. The firm has a market cap of $294.27 million, a price-to-earnings ratio of -3.37 and a beta of 1.21. The business’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $1.41.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Monday, November 9th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $12.43 million for the quarter, compared to analyst estimates of $14.37 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. On average, research analysts predict that Ur Energy will post -0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Roger L. Smith sold 103,536 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.43, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas H. Parker sold 87,858 shares of the firm’s 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 580,884 shares of the company’s stock, valued at approximately $859,708.32. This represents a 13.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders bought 182,137 shares of company stock worth $221,773 and sold 587,005 shares worth $838,231. 1.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Ur Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in URG. BlackRock Inc. acquired a new position in Ur Energy during the second quarter worth $38,936,000. Sei Investments Co. acquired a new stake in shares of Ur Energy in the first quarter valued at $2,439,000. Segra Capital Management LLC grew its stake in shares of Ur Energy by 159,828.6% in the first quarter. Segra Capital Management LLC now owns 1,599,286 shares of the basic materials company’s stock valued at $2,383,000 after buying an additional 1,598,286 shares in the last quarter. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Ur Energy by 22.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,253,094 shares of the basic materials company’s stock valued at $6,337,000 after buying an additional 785,173 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of Ur Energy by 10,309.6% in the 2nd quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company’s stock valued at $2,607,000 after buying an additional 1,898,522 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Company Profile

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.