Ur-Energy Inc. (NYSE:URG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, August 3rd.
According to Zacks, “UR-ENERGY INC., is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Ur-Energy has a registered office in Ottawa, Canada and its corporate headquarters are located in Littleton, Colorado. “
Several other research analysts have also recently issued reports on the stock. Roth Capital set a $2.00 target price on shares of Ur-Energy and gave the stock a “buy” rating in a report on Tuesday, August 1st. TheStreet upgraded shares of Ur-Energy from a “d” rating to a “c” rating in a report on Tuesday, May 30th. Finally, ValuEngine cut shares of Ur-Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1.25.
Ur-Energy (NYSE:URG) opened at 0.59 on Thursday. Ur-Energy has a 12 month low of $0.41 and a 12 month high of $0.91. The stock’s 50 day moving average is $0.63 and its 200-day moving average is $0.65. The firm has a market cap of $86.07 million and a price-to-earnings ratio of 10.93.
Ur-Energy (NYSE:URG) last posted its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $11.82 million for the quarter, compared to the consensus estimate of $12.10 million. Ur-Energy had a net margin of 11.13% and a return on equity of 12.02%. On average, analysts anticipate that Ur-Energy will post $0.05 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Ur-Energy Inc. (URG) Stock Rating Lowered by Zacks Investment Research” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://transcriptdaily.com/2017/08/13/ur-energy-inc-urg-rating-lowered-to-hold-at-zacks-investment-research-updated.html.
Ur-Energy Company Profile
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ur-Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ur-Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.