Royal Bank Of Canada Lowers Ur Energy (NYSEAMERICAN:URG) Price Target to $1.60

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target dropped by stock analysts at Royal Bank Of Canada from $1.75 to $1.60 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 16.36% from the company’s previous close.

Several other brokerages have also recently commented on URG. Northland Securities set a $2.35 target price on Ur Energy in a report on Tuesday, May 12th. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. HC Wainwright decreased their price objective on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Finally, Roth Capital restated a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Ur Energy presently has an average rating of “Buy” and an average target price of $2.32.

Ur Energy Price Performance

Shares of URG traded up $0.03 on Monday, hitting $1.38. The company’s stock had a trading volume of 783,343 shares, compared to its average volume of 9,631,485. The company has a market capitalization of $546.41 million, a PE ratio of -6.25 and a beta of 0.95. Ur Energy has a fifty-two week low of $1.12 and a fifty-two week high of $2.35. The company has a 50 day moving average price of $1.36 and a 200 day moving average price of $1.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25.

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

Hedge Funds Weigh In On Ur Energy

Institutional investors have recently modified their holdings of the stock. CTC Alternative Strategies Ltd. acquired a new stake in shares of Ur Energy in the 1st quarter valued at approximately $31,000. TD Waterhouse Canada Inc. boosted its stake in Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 19,700 shares during the last quarter. Gabelli Funds LLC acquired a new position in Ur Energy during the third quarter valued at approximately $36,000. Earned Wealth Advisors LLC acquired a new position in Ur Energy during the first quarter valued at approximately $37,000. Finally, Envestnet Asset Management Inc. bought a new stake in Ur Energy in the second quarter valued at approximately $38,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Company Profile

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.