Ur-Energy (NYSEAMERICAN:URG) Price Target Lowered to $2.10 at Roth Mkm

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target lowered by research analysts at Roth Mkm from $2.20 to $2.10 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s price objective points to a potential upside of 18.64% from the stock’s current price.

A number of other brokerages have also recently commented on URG. B. Riley initiated coverage on Ur-Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $3.00 price target on the stock. HC Wainwright decreased their price target on Ur-Energy from $3.40 to $3.30 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Ur-Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.80.

Ur-Energy Stock Up 1.7 %

NYSEAMERICAN URG traded up $0.03 during trading hours on Thursday, hitting $1.77. The company had a trading volume of 161,763 shares, compared to its average volume of 3,161,634. The company has a market cap of $498.49 million, a P/E ratio of -14.83 and a beta of 1.10. Ur-Energy has a 52 week low of $0.84 and a 52 week high of $2.01.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of URG. Alps Advisors Inc. increased its position in Ur-Energy by 20.5% during the third quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock valued at $28,258,000 after acquiring an additional 3,118,647 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Ur-Energy by 26.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company’s stock worth $21,951,000 after buying an additional 2,956,468 shares in the last quarter. Azarias Capital Management L.P. increased its position in 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 worth $22,205,000 after buying an additional 1,686,286 shares in the last quarter. EAM Investors LLC purchased a new stake in Ur-Energy in the third quarter worth about $1,186,000. Finally, Citigroup Inc. increased its position in Ur-Energy by 707,496.3% in the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock worth $863,000 after buying an additional 565,997 shares in the last quarter. 57.51% of the stock is owned by 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.