Ur Energy (NYSEAMERICAN:URG) Stock Price Down 3% – Time to Sell?

by · The Cerbat Gem

Ur Energy Inc (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) dropped 3% on Monday . The company traded as low as $1.27 and last traded at $1.28. Approximately 7,215,136 shares traded hands during trading, a decline of 50% from the average session volume of 14,384,005 shares. The stock had previously closed at $1.32.

Analyst Ratings Changes

A number of brokerages have recently commented on URG. Canaccord Genuity Group assumed coverage on Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 target price on the stock. HC Wainwright reiterated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. Royal Bank Of Canada started coverage on Ur Energy in a report on Monday. They issued an “outperform” rating and a $1.75 price target for the company. Roth Capital restated a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, Northland Securities set a $2.35 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, Ur Energy currently has a consensus rating of “Buy” and an average price target of $2.45.

Get Our Latest Analysis on URG

Ur Energy Stock Performance

The business’s 50-day simple moving average is $1.57 and its two-hundred day simple moving average is $1.60. The firm has a market cap of $508.58 million, a price-to-earnings ratio of -5.33 and a beta of 0.91. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83.

Ur Energy (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) last posted its earnings results on Friday, May 8th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Ur Energy had a negative net margin of 298.18% and a negative return on equity of 98.81%. The business had revenue of $3.90 million for the quarter, compared to analyst estimates of $9.86 million. As a group, sell-side analysts expect that Ur Energy Inc will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Ur Energy

Several institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. raised its stake in shares of Ur Energy by 96.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after buying an additional 14,500 shares during the period. Raymond James Financial Inc. lifted its position in shares of Ur Energy by 52.3% during the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock valued at $77,000 after buying an additional 14,755 shares in the last quarter. Virtu Financial LLC grew its stake in Ur Energy by 21.3% in the 3rd quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 18,735 shares during the period. TD Waterhouse Canada Inc. grew its stake in Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 19,700 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in Ur Energy in the 3rd quarter worth $36,000. 57.51% of the stock is owned by institutional investors and hedge funds.

About Ur Energy

(Get Free Report)

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.

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