Ur-Energy Inc. (URG) Short Interest Update
Ur-Energy Inc. (NYSE:URG) (TSE:URE) saw a large decrease in short interest in the month of October. As of October 13th, there was short interest totalling 3,776,296 shares, a decrease of 5.2% from the September 29th total of 3,983,099 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 146,774 shares, the days-to-cover ratio is presently 25.7 days.
Ur-Energy (URG) opened at 0.531 on Wednesday. The firm has a market cap of $77.46 million and a PE ratio of 9.833. Ur-Energy has a one year low of $0.41 and a one year high of $0.91. The firm’s 50 day moving average price is $0.56 and its 200-day moving average price is $0.59.
Ur-Energy (NYSE:URG) (TSE:URE) last announced its quarterly earnings results on Friday, July 28th. The basic materials company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Ur-Energy had a net margin of 11.13% and a return on equity of 12.02%. The company had revenue of $11.82 million for the quarter, compared to analyst estimates of $12.10 million. Equities analysts predict that Ur-Energy will post $0.04 EPS for the current fiscal year.
A number of equities analysts recently weighed in on URG shares. Zacks Investment Research raised Ur-Energy from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a report on Thursday, July 20th. ValuEngine raised Ur-Energy from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reissued a “buy” rating and set a $1.00 target price on shares of Ur-Energy in a report on Friday, September 1st. Roth Capital set a $2.00 target price on Ur-Energy and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, HC Wainwright reissued a “buy” rating and set a $1.75 target price on shares of Ur-Energy in a report on Monday, October 16th. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $1.31.
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.
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