Brokerages Set Ur-Energy Inc. (NYSEAMERICAN:URG) Target Price at $2.80

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) has been assigned an average recommendation of “Buy” from the four brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $2.80.

Several analysts have commented on the stock. HC Wainwright lowered their price objective on shares of Ur-Energy from $3.40 to $3.30 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Roth Mkm lowered their price objective on shares of Ur-Energy from $2.20 to $2.10 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Ventum Cap Mkts raised shares of Ur-Energy to a “strong-buy” rating in a research report on Monday.

Insider Activity at Ur-Energy

In related news, Director James M. Franklin sold 56,305 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1.59, for a total transaction of $89,524.95. Following the transaction, the director now owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ur-Energy news, Director Robby Sai Kit Chang sold 60,100 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.47, for a total value of $88,347.00. Following the sale, the director now owns 73,572 shares of the company’s stock, valued at approximately $108,150.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James M. Franklin sold 56,305 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total transaction of $89,524.95. Following the completion of the sale, the director now directly owns 616,133 shares in the company, valued at approximately $979,651.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,879 shares of company stock valued at $279,266. Insiders own 3.29% of the company’s stock.

Institutional Investors Weigh In On Ur-Energy

A number of large investors have recently added to or reduced their stakes in URG. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ur-Energy by 8.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock worth $23,892,000 after purchasing an additional 1,260,419 shares during the period. Azarias Capital Management L.P. lifted its position in shares of Ur-Energy by 1.1% in the 1st quarter. Azarias Capital Management L.P. now owns 14,584,181 shares of the basic materials company’s stock worth $23,335,000 after purchasing an additional 165,082 shares during the period. Vident Advisory LLC lifted its position in shares of Ur-Energy by 10.1% in the 1st quarter. Vident Advisory LLC now owns 2,625,640 shares of the basic materials company’s stock worth $4,201,000 after purchasing an additional 241,036 shares during the period. Goehring & Rozencwajg Associates LLC lifted its position in shares of Ur-Energy by 3.6% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after purchasing an additional 78,440 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Ur-Energy by 19.1% in the 4th quarter. Van ECK Associates Corp now owns 1,044,167 shares of the basic materials company’s stock worth $1,608,000 after purchasing an additional 167,335 shares during the period. Institutional investors own 57.51% of the company’s stock.

Ur-Energy Stock Up 2.0 %

Shares of NYSEAMERICAN URG opened at $1.50 on Tuesday. The stock has a market cap of $435.68 million, a PE ratio of -7.89 and a beta of 1.12. Ur-Energy has a 1 year low of $0.95 and a 1 year high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 61.67% and a negative net margin of 173.40%. As a group, research analysts anticipate that Ur-Energy will post -0.09 EPS for the current fiscal year.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.