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

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target decreased by stock analysts at Roth Mkm from $2.20 to $2.10 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s price target would indicate a potential upside of 18.64% from the company’s previous close.

A number of other research analysts have also recently issued reports on URG. HC Wainwright dropped their target price on shares of Ur-Energy from $3.40 to $3.30 and set a “buy” rating for the company in a report on Wednesday. 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 target price for the company. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2.80.

Ur-Energy Stock Up 1.7 %

NYSEAMERICAN URG traded up $0.03 during trading hours on Thursday, hitting $1.77. 161,763 shares of the stock were exchanged, compared to its average volume of 3,161,634. The stock has a market capitalization of $498.49 million, a P/E ratio of -14.83 and a beta of 1.10. Ur-Energy has a 12-month low of $0.84 and a 12-month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Monday, May 6th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts expect that Ur-Energy will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. MMCAP International Inc. SPC increased its stake in shares of Ur-Energy by 1.2% during the 3rd quarter. MMCAP International Inc. SPC now owns 26,245,347 shares of the basic materials company’s stock worth $40,418,000 after purchasing an additional 307,016 shares in the last quarter. Alps Advisors Inc. boosted 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 worth $28,258,000 after acquiring an additional 3,118,647 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Ur-Energy by 8.8% during the fourth 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 acquiring an additional 1,260,419 shares during the last quarter. Azarias Capital Management L.P. boosted its position in Ur-Energy by 1.1% during the first quarter. Azarias Capital Management L.P. now owns 14,584,181 shares of the basic materials company’s stock worth $23,335,000 after acquiring an additional 165,082 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its position in Ur-Energy by 3.6% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after acquiring an additional 78,440 shares during the last quarter. 57.51% of the stock is owned by hedge funds and other institutional investors.

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.