Ur Energy Inc (NYSEAMERICAN:URG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have received a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $2.3583.

URG has been the topic of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. Northland Securities set a $2.35 price objective on Ur Energy in a research report on Tuesday, May 12th. Royal Bank Of Canada initiated coverage on Ur Energy in a research note on Monday, July 13th. They set an “outperform” rating and a $1.75 target price for the company. Roth Capital restated a “buy” rating and set a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. Finally, B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th.

Ur Energy Price Performance

URG opened at $1.40 on Friday. The stock has a market cap of $556.35 million, a P/E ratio of -5.83 and a beta of 0.95. Ur Energy has a 12 month low of $1.12 and a 12 month high of $2.35. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.56.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The business had revenue of $3.90 million for the quarter, compared to the consensus estimate of $9.86 million. On average, research analysts expect that Ur Energy will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Ur Energy

Several institutional investors have recently added to or reduced their stakes in URG. Alps Advisors Inc. boosted its stake in Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after purchasing an additional 4,628,176 shares during the period. BlackRock Inc. acquired a new stake in shares of Ur Energy in the 2nd quarter valued at about $38,936,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ur Energy by 2.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,354,823 shares of the basic materials company’s stock valued at $38,225,000 after purchasing an additional 497,280 shares during the period. Van ECK Associates Corp bought a new stake in shares of Ur Energy in the fourth quarter valued at about $28,361,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Ur Energy by 5.1% in the first 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. 57.51% of the stock is owned by 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.