Ur Energy Inc (NYSEAMERICAN:URG) Given Average Recommendation of “Buy” by Brokerages

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $2.45.

A number of brokerages have commented on URG. Canaccord Genuity Group assumed coverage on shares of Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective on the stock. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. HC Wainwright reaffirmed a “buy” rating and set a $2.30 target price on shares of Ur Energy in a research report on Monday, April 27th. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada started coverage on Ur Energy in a report on Monday, July 13th. They issued an “outperform” rating and a $1.75 price target for the company.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.23 on Wednesday. The business’s fifty day moving average price is $1.53 and its 200 day moving average price is $1.59. Ur Energy has a twelve month low of $1.12 and a twelve month high of $2.35. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $488.72 million, a P/E ratio of -5.12 and a beta of 0.91.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings results on Friday, May 8th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The firm had revenue of $3.90 million for the quarter, compared to analyst estimates of $9.86 million. As a group, research analysts anticipate that Ur Energy will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Van ECK Associates Corp bought a new position in Ur Energy during the fourth quarter valued at about $28,361,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ur Energy in the 4th quarter worth approximately $21,683,000. CenterBook Partners LP lifted its position in shares of Ur Energy by 153.7% in the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after acquiring an additional 6,458,113 shares during the period. Alps Advisors Inc. grew its holdings in shares of Ur Energy by 11.8% during the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after purchasing an additional 4,628,176 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Ur Energy by 1,111.5% during the 3rd quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company’s stock worth $7,748,000 after purchasing an additional 3,971,261 shares in the last quarter. Institutional investors own 57.51% of the company’s stock.

About Ur Energy

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.