Ur Energy Inc (NYSEAMERICAN:URG) Stock Rated “Buy” by Sell-Side Analysts

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have earned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $2.28.

A number of research analysts have issued reports on the company. Royal Bank Of Canada reduced their price target on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. HC Wainwright decreased their price objective on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a report on Tuesday, August 11th.

Ur Energy Stock Performance

Shares of URG stock opened at $1.05 on Monday. The stock has a market capitalization of $417.26 million, a PE ratio of -4.77 and a beta of 1.15. Ur Energy has a 52-week low of $1.05 and a 52-week high of $2.35. The stock’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.45. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. As a group, equities research analysts forecast that Ur Energy will post -0.16 EPS for the current year.

Insiders Place Their Bets

In other Ur Energy news, CFO Roger L. Smith sold 103,536 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $1.43, for a total value 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. The trade was a 13.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas H. Parker sold 87,858 shares of Ur Energy stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the sale, the director owned 580,884 shares of the company’s stock, valued at $859,708.32. This represents a 13.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders purchased 182,137 shares of company stock valued at $221,773 and sold 587,005 shares valued at $838,231. Company insiders own 1.63% of the company’s stock.

Institutional Trading of Ur Energy

Large investors have recently made changes to their positions in the company. Alps Advisors Inc. raised its stake in Ur Energy by 11.8% during the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after buying an additional 4,628,176 shares during the period. BlackRock Inc. bought a new position in shares of Ur Energy in the 2nd quarter worth $38,936,000. Van ECK Associates Corp acquired a new stake in Ur Energy in the 2nd quarter valued at $31,875,000. The Manufacturers Life Insurance Company increased its stake in Ur Energy by 5.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 16,516,010 shares of the basic materials company’s stock valued at $24,279,000 after purchasing an additional 803,571 shares in the last quarter. Finally, CenterBook Partners LP raised its holdings in Ur Energy by 153.7% during the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after buying an additional 6,458,113 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

About Ur Energy

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company’s activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy’s primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming’s Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.