Ur-Energy (NYSEAMERICAN:URG) Stock Rating Upgraded by Ventum Cap Mkts

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) was upgraded by equities researchers at Ventum Cap Mkts to a “strong-buy” rating in a research note issued on Monday, Zacks.com reports.

Other analysts have also issued research reports about the company. HC Wainwright lowered their target price on Ur-Energy from $3.40 to $3.30 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Roth Mkm decreased their price objective on Ur-Energy from $2.20 to $2.10 and set a “buy” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Ur-Energy Trading Up 1.5 %

Shares of NYSEAMERICAN URG opened at $1.38 on Monday. The stock has a market cap of $400.82 million, a PE ratio of -7.26 and a beta of 1.12. Ur-Energy has a 52 week low of $0.91 and a 52 week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its 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 61.67%. Research analysts expect that Ur-Energy will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total transaction of $89,524.95. Following the sale, the director now owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director James M. Franklin sold 56,305 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the transaction, the director now owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robby Sai Kit Chang sold 60,100 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $1.47, for a total transaction of $88,347.00. Following the completion of the transaction, the director now directly owns 73,572 shares in the company, valued at approximately $108,150.84. The disclosure for this sale can be found here. Insiders have sold a total of 189,879 shares of company stock valued at $279,266 in the last 90 days. 3.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of Ur-Energy in the 1st quarter valued at approximately $65,000. Jump Financial LLC acquired a new stake in shares of Ur-Energy in the 4th quarter valued at approximately $109,000. Cannon Global Investment Management LLC acquired a new stake in shares of Ur-Energy in the 1st quarter valued at approximately $224,000. U S Global Investors Inc. acquired a new stake in shares of Ur-Energy in the 4th quarter valued at approximately $231,000. Finally, Verity Asset Management Inc. raised its position in shares of 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 valued at $305,000 after acquiring an additional 12,005 shares during the period. Institutional investors own 57.51% of the company’s stock.

About Ur-Energy

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.