Ur Energy Inc (NYSEAMERICAN:URG) Stock Has Consensus Target Price of $2.28 According to Analysts

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $2.28.

URG has been the subject of a number of research analyst reports. HC Wainwright reduced their target price on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada decreased their target price on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th.

Insider Activity at Ur Energy

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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jade Walle bought 96,556 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was purchased at an average cost of $1.14 per share, with a total value of $110,073.84. Following the completion of the transaction, the vice president owned 424,037 shares in the company, valued at $483,402.18. This represents a 29.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 182,137 shares of company stock valued at $221,773 and have sold 587,005 shares valued at $838,231. 1.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ur Energy

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC grew its stake in Ur Energy by 10,309.6% during the 2nd quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company’s stock worth $2,607,000 after purchasing an additional 1,898,522 shares in the last quarter. GFG Capital LLC acquired a new stake in Ur Energy during the second quarter worth approximately $61,000. AXQ Capital LP purchased a new stake in Ur Energy in the second quarter valued at $31,000. Van ECK Associates Corp purchased a new stake in shares of Ur Energy in the 2nd quarter valued at about $31,875,000. Finally, Bank of America Corp DE purchased a new stake in Ur Energy in the second quarter valued at approximately $757,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Price Performance

URG stock opened at $0.81 on Friday. 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 $0.79 and a one year high of $2.15. The firm’s fifty day moving average is $1.18 and its 200 day moving average is $1.40. The firm has a market cap of $323.30 million, a PE ratio of -3.69 and a beta of 1.15.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings data 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). The business had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. On average, research analysts forecast that Ur Energy will post -0.16 EPS for the current year.

About Ur Energy

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.