Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
According to Zacks, “Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. They have produced, packaged and shipped more than two million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate their LC East project area into the Lost Creek permits, and they have begun to submit applications for permits and licenses to construct and operate at their Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. “
Several other equities analysts have also weighed in on URG. ValuEngine upgraded shares of Ur-Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. HC Wainwright restated a “buy” rating and set a $1.75 price target on shares of Ur-Energy in a research report on Monday, October 16th. Roth Capital set a $2.00 price target on shares of Ur-Energy and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, B. Riley restated a “buy” rating on shares of Ur-Energy in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Ur-Energy has a consensus rating of “Buy” and an average price target of $1.38.
In other Ur-Energy news, Director Paul Macdonell sold 68,763 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $0.69, for a total transaction of $47,446.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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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