Ur Energy Inc (NYSEAMERICAN:URG) Given Consensus Rating of “Buy” by Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.3167.

URG has been the topic of several research reports. HC Wainwright cut their price objective on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Northland Securities set a $2.35 target price on Ur Energy in a research note on Tuesday, May 12th. Royal Bank Of Canada dropped their price target on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Roth Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th.

Ur Energy Trading Up 1.5%

NYSEAMERICAN URG opened at $1.36 on Thursday. 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 stock has a market cap of $540.45 million, a P/E ratio of -6.18 and a beta of 0.94. The stock has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $1.51. Ur Energy has a fifty-two week low of $1.12 and a fifty-two week high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $14.36 million. On average, analysts forecast that Ur Energy will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In other news, 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 in the company, valued at $859,708.32. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robby Sai Kit Chang sold 75,588 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.41, for a total value of $106,579.08. Following the transaction, the director owned 96,449 shares of the company’s stock, valued at $135,993.09. The trade was a 43.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 587,005 shares of company stock worth $838,231 over the last three months. Corporate insiders own 1.63% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CTC Alternative Strategies Ltd. bought a new position in shares of Ur Energy in the first quarter worth approximately $31,000. AXQ Capital LP bought a new stake in shares of Ur Energy in the 2nd quarter worth $31,000. Gabelli Funds LLC bought a new stake in shares of Ur Energy in the 3rd quarter worth $36,000. Earned Wealth Advisors LLC purchased a new position in shares of Ur Energy in the first quarter worth $37,000. Finally, Envestnet Asset Management Inc. purchased a new position in Ur Energy in the 2nd quarter worth about $38,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

About Ur Energy

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.