Ur Energy (NYSEAMERICAN:URG) Given New $1.25 Price Target at Royal Bank Of Canada

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target decreased by investment analysts at Royal Bank Of Canada from $1.60 to $1.25 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 90.55% from the stock’s previous close.

A number of other research firms also recently commented on URG. B. Riley Financial reduced their target price on Ur Energy from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. HC Wainwright decreased their target price on Ur Energy from $2.20 to $1.80 and set a “buy” rating for the company in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $2.11.

Ur Energy Stock Down 3.2%

Shares of URG stock traded down $0.02 during trading hours on Wednesday, hitting $0.66. 5,540,303 shares of the company were exchanged, compared to its average volume of 9,451,114. 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 $0.62 and a one year high of $2.15. The business’s 50-day simple moving average is $1.03 and its two-hundred day simple moving average is $1.41. The stock has a market capitalization of $261.57 million, a price-to-earnings ratio of -3.45 and a beta of 1.21.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Monday, November 9th. The basic materials company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $12.43 million during the quarter, compared to the consensus estimate of $14.37 million. Ur Energy had a negative return on equity of 103.27% and a negative net margin of 191.64%. Sell-side analysts predict that Ur Energy will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Ur Energy

In other Ur Energy news, Director Gary C. Huber sold 87,858 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the transaction, the director owned 558,016 shares of the company’s stock, valued at approximately $825,863.68. This trade represents a 13.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jade Walle bought 96,556 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were purchased at an average cost of $1.14 per share, for a total transaction of $110,073.84. Following the acquisition, the vice president 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 disclosure for this purchase is available in the SEC filing. In 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.

Institutional Investors Weigh In On Ur Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CTC Alternative Strategies Ltd. bought a new stake in Ur Energy during the first quarter worth approximately $31,000. AXQ Capital LP bought a new stake in shares of Ur Energy in the 2nd quarter valued at approximately $31,000. Earned Wealth Advisors LLC acquired a new position in shares of Ur Energy during the 1st quarter worth $37,000. Ieq Capital LLC increased its position in Ur Energy by 275.3% during the third quarter. Ieq Capital LLC now owns 41,560 shares of the basic materials company’s stock worth $45,000 after buying an additional 30,485 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Ur Energy in the 2nd quarter valued at approximately $50,000. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur Energy Company Profile

Ur-Energy Inc. is a U.S. uranium mining company focused on the exploration, development and recovery of uranium. The company uses in-situ recovery (ISR), a method that circulates a solution through underground uranium deposits and brings the dissolved uranium to the surface for processing. Its principal projects are in Wyoming, including the Lost Creek uranium facility in Sweetwater County and the Shirley Basin project. Ur-Energy’s product is uranium concentrate, which is supplied to the nuclear fuel cycle for further processing.