Ur-Energy Inc. (NYSE:URG) (TSE:URE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $0.50 price target on the basic materials company’s stock. Zacks Investment Research‘s price target would indicate a potential downside of 0.40% from the stock’s previous close.

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 analysts have also weighed in on the stock. Roth Capital set a $2.00 price objective on shares of Ur-Energy and gave the stock a “buy” rating in a report on Monday, October 16th. HC Wainwright reaffirmed a “buy” rating and set a $1.75 price objective on shares of Ur-Energy in a report on Monday, October 16th. ValuEngine raised shares of Ur-Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, FBR & Co reissued a “buy” rating and set a $1.00 price target on shares of Ur-Energy in a research note on Friday, September 1st. Five analysts have rated the stock with a buy rating, Ur-Energy currently has an average rating of “Buy” and a consensus price target of $1.31.

Ur-Energy (NYSE:URG) traded down 3.462% during midday trading on Thursday, reaching $0.502. The company’s stock had a trading volume of 101,192 shares. The firm has a 50-day moving average price of $0.57 and a 200 day moving average price of $0.59. The stock has a market capitalization of $73.23 million and a price-to-earnings ratio of 9.296. Ur-Energy has a 52-week low of $0.41 and a 52-week high of $0.91.

Ur-Energy (NYSE:URG) (TSE:URE) last posted its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $11.82 million during the quarter, compared to analyst estimates of $12.10 million. Ur-Energy had a net margin of 11.13% and a return on equity of 12.02%. Equities research analysts predict that Ur-Energy will post $0.04 EPS for the current fiscal year.

WARNING: This article was originally published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/22/ur-energy-inc-urg-upgraded-at-zacks-investment-research.html.

About Ur-Energy

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.

Get a free copy of the Zacks research report on Ur-Energy (URG)

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.