Ur-Energy (NYSEAMERICAN:URG) PT Lowered to $3.40

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its target price lowered by stock analysts at HC Wainwright from $3.60 to $3.40 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price indicates a potential upside of 101.18% from the stock’s previous close. HC Wainwright also issued estimates for Ur-Energy’s FY2024 earnings at $0.00 EPS and FY2025 earnings at $0.08 EPS.

Several other equities analysts have also weighed in on the company. B. Riley started coverage on Ur-Energy in a report on Friday, February 2nd. They set a “buy” rating and a $3.00 price objective for the company. Roth Mkm lowered their price target on Ur-Energy from $2.40 to $2.20 and set a “buy” rating on the stock in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.87.

Ur-Energy Stock Performance

URG stock opened at $1.69 on Thursday. Ur-Energy has a fifty-two week low of $0.84 and a fifty-two week high of $2.01. The company has a market cap of $475.95 million, a P/E ratio of -14.08 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $5.44 million during the quarter, compared to the consensus estimate of $5.10 million. Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. On average, equities research analysts forecast that Ur-Energy will post -0.03 earnings per share for the current year.

Institutional Trading of Ur-Energy

A number of hedge funds have recently made changes to their positions in the stock. Jump Financial LLC bought a new position in Ur-Energy in the 4th quarter valued at approximately $109,000. Cannon Global Investment Management LLC bought a new position in Ur-Energy in the 1st quarter valued at approximately $224,000. U S Global Investors Inc. bought a new position in Ur-Energy in the 4th quarter valued at approximately $231,000. Verity Asset Management Inc. lifted its position in Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock valued at $305,000 after acquiring an additional 12,005 shares in the last quarter. Finally, Shell Asset Management Co. bought a new position in Ur-Energy in the 3rd quarter valued at approximately $504,000. 57.51% of the stock is owned by institutional investors.

About Ur-Energy

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.