Ur-Energy Inc. (URG) Cut to Strong Sell at Zacks Investment Research
Ur-Energy Inc. (NYSEMKT:URG) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “UR-ENERGY INC., is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Ur-Energy has a registered office in Ottawa, Canada and its corporate headquarters are located in Littleton, Colorado. “
A number of other research firms also recently commented on URG. Roth Capital set a $2.00 price target on Ur-Energy and gave the stock a “buy” rating in a research note on Monday. FBR & Co started coverage on Ur-Energy in a research note on Friday, September 2nd. They issued an “outperform” rating and a $1.00 price target for the company.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/ur-energy-inc-urg-cut-to-strong-sell-at-zacks-investment-research.html
Shares of Ur-Energy (NYSEMKT:URG) opened at 0.48 on Wednesday. The stock’s market capitalization is $68.93 million. Ur-Energy has a 1-year low of $0.44 and a 1-year high of $0.73. The firm’s 50-day moving average price is $0.50 and its 200 day moving average price is $0.53.
Ur-Energy (NYSEMKT:URG) last announced its earnings results on Friday, July 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. Analysts expect that Ur-Energy will post ($0.02) EPS for the current fiscal year.
Ur-Energy Company Profile
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ur-Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ur-Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.