Ur-Energy’s (URG) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) in a research note published on Wednesday, Benzinga reports. Roth Mkm currently has a $2.20 price target on the basic materials company’s stock, up from their prior price target of $1.90.

Several other research analysts have also commented on URG. HC Wainwright reduced their price objective on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research note on Wednesday, August 14th. B. Riley decreased their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Ventum Cap Mkts raised Ur-Energy to a “strong-buy” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ur-Energy presently has a consensus rating of “Moderate Buy” and an average price target of $2.30.

Ur-Energy Trading Down 2.3 %

Shares of NYSEAMERICAN URG opened at $1.26 on Wednesday. Ur-Energy has a 12-month low of $0.96 and a 12-month high of $2.01. The firm has a market cap of $456.46 million, a price-to-earnings ratio of -7.00 and a beta of 1.12.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Friday, August 9th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $4.65 million for the quarter, compared to the consensus estimate of $4.60 million. As a group, equities research analysts expect that Ur-Energy will post -0.09 EPS for the current year.

Insider Buying and Selling at Ur-Energy

In related news, CFO Roger L. Smith sold 228,119 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.20, for a total value of $273,742.80. Following the completion of the transaction, the chief financial officer now owns 613,061 shares in the company, valued at $735,673.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Gary C. Huber sold 97,628 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total value of $120,082.44. Following the sale, the director now directly owns 404,869 shares of the company’s stock, valued at $497,988.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Roger L. Smith sold 228,119 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.20, for a total transaction of $273,742.80. Following the completion of the sale, the chief financial officer now owns 613,061 shares in the company, valued at $735,673.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 605,480 shares of company stock worth $726,708. 3.29% of the stock is owned by corporate insiders.

Institutional Trading of Ur-Energy

Several hedge funds and other institutional investors have recently bought and sold shares of URG. Cannon Global Investment Management LLC purchased a new stake in Ur-Energy in the 1st quarter worth approximately $224,000. Azarias Capital Management L.P. boosted its holdings in Ur-Energy by 1.1% during the first quarter. Azarias Capital Management L.P. now owns 14,584,181 shares of the basic materials company’s stock worth $23,335,000 after buying an additional 165,082 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in Ur-Energy during the first quarter valued at $348,000. Vident Advisory LLC increased its holdings in Ur-Energy by 10.1% in the first quarter. Vident Advisory LLC now owns 2,625,640 shares of the basic materials company’s stock valued at $4,201,000 after buying an additional 241,036 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Ur-Energy by 153,746.2% in the first quarter. Toronto Dominion Bank now owns 500,000 shares of the basic materials company’s stock worth $800,000 after acquiring an additional 499,675 shares during the period. 57.51% of the stock is owned by institutional investors and hedge funds.

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.