HC Wainwright Cuts Ur-Energy (NYSEAMERICAN:URG) Price Target to $3.40

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its target price lowered by analysts at HC Wainwright from $3.60 to $3.40 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target would indicate a potential upside of 111.18% from the company’s current price.

Several other research analysts also recently commented on the company. B. Riley assumed coverage on Ur-Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $3.00 target price for the company. Roth Mkm cut their target price on Ur-Energy from $2.40 to $2.20 and set a “buy” rating for the company in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2.87.

Ur-Energy Stock Down 4.7 %

Shares of NYSEAMERICAN URG opened at $1.61 on Thursday. Ur-Energy has a 52 week low of $0.82 and a 52 week high of $2.01. The stock has a market capitalization of $453.42 million, a price-to-earnings ratio of -13.42 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. The business had revenue of $5.44 million during the quarter, compared to the consensus estimate of $5.10 million. On average, equities analysts forecast that Ur-Energy will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Verity Asset Management Inc. lifted its position in Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after buying an additional 12,005 shares during the last quarter. Jump Financial LLC bought a new stake in Ur-Energy in the 4th quarter worth approximately $109,000. Goehring & Rozencwajg Associates LLC lifted its position in Ur-Energy by 3.6% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after buying an additional 78,440 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in Ur-Energy in the 1st quarter worth approximately $224,000. Finally, U S Global Investors Inc. bought a new stake in Ur-Energy in the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.