Ur-Energy Inc. (URG) Stock Rating Lowered by 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 report released 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. “
Several other equities research analysts also recently weighed in on URG. Roth Capital set a $2.00 price objective on Ur-Energy and gave the company a “buy” rating in a report on Monday. FBR & Co initiated coverage on Ur-Energy in a report on Friday, September 2nd. They set an “outperform” rating and a $1.00 price objective on the stock.
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-stock-rating-lowered-by-zacks-investment-research.html
Shares of Ur-Energy (NYSEMKT:URG) traded up 0.0625% during trading on Wednesday, hitting $0.4803. The stock had a trading volume of 47,146 shares. The stock has a 50 day moving average price of $0.50 and a 200-day moving average price of $0.54. Ur-Energy has a one year low of $0.44 and a one year high of $0.73. The stock’s market capitalization is $68.97 million.
Ur-Energy (NYSEMKT:URG) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.01) EPS for the quarter. On average, equities research analysts predict that Ur-Energy will post ($0.02) earnings per share for the current year.
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.