Ur-Energy (NYSEAMERICAN:URG) Given New $3.30 Price Target at HC Wainwright

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target lowered by HC Wainwright from $3.40 to $3.30 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other analysts have also recently weighed in on URG. B. Riley initiated coverage on shares of Ur-Energy in a report on Friday, February 2nd. They issued a buy rating and a $3.00 price target on the stock. Roth Mkm dropped their target price on shares of Ur-Energy from $2.40 to $2.20 and set a buy rating on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ur-Energy presently has a consensus rating of Moderate Buy and a consensus price target of $2.83.

Ur-Energy Price Performance

NYSEAMERICAN:URG opened at $1.75 on Wednesday. Ur-Energy has a one year low of $0.84 and a one year high of $2.01. The stock has a market capitalization of $492.82 million, a PE ratio of -14.54 and a beta of 1.10.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Monday, May 6th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. Research analysts forecast that Ur-Energy will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Azarias Capital Management L.P. grew its holdings in shares of Ur-Energy by 13.2% in the fourth quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock valued at $22,205,000 after purchasing an additional 1,686,286 shares during the period. Citigroup Inc. boosted its holdings in Ur-Energy by 707,496.3% in the 3rd quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock valued at $863,000 after purchasing an additional 565,997 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Ur-Energy by 20.5% in the 3rd quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock valued at $28,258,000 after buying an additional 3,118,647 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ur-Energy by 8.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock worth $23,892,000 after buying an additional 1,260,419 shares during the last quarter. Finally, Shell Asset Management Co. purchased a new stake in shares of Ur-Energy during the 3rd quarter valued at approximately $504,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

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.