B. Riley Financial Has Lowered Expectations for Ur Energy (NYSEAMERICAN:URG) Stock Price

by · The Markets Daily

Ur Energy (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) had its price target dropped by investment analysts at B. Riley Financial from $2.50 to $2.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. B. Riley Financial‘s price objective indicates a potential upside of 122.87% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on URG. Royal Bank Of Canada reduced their price objective on Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. HC Wainwright decreased their price objective on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $2.23.

Read Our Latest Stock Analysis on Ur Energy

Ur Energy Trading Up 9.2%

Shares of NYSEAMERICAN:URG opened at $0.90 on Wednesday. Ur Energy has a 52-week low of $0.79 and a 52-week high of $2.15. The company has a 50-day simple moving average of $1.16 and a 200 day simple moving average of $1.46.

Ur Energy (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) last posted its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. On average, equities research analysts anticipate that Ur Energy will post -0.16 earnings per share for the current year.

Insider Activity at Ur Energy

In other news, CFO Roger L. Smith sold 103,536 shares of Ur Energy stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.43, for a total transaction of $148,056.48. Following the transaction, the chief financial officer owned 651,562 shares in the company, valued at approximately $931,733.66. The trade was a 13.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary C. Huber sold 87,858 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total value of $130,029.84. Following the transaction, the director owned 558,016 shares of the company’s stock, valued at $825,863.68. This trade represents a 13.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have acquired 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. Insiders own 1.63% of the company’s stock.

Institutional Trading of Ur Energy

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Ur Energy in the second quarter worth approximately $38,936,000. Van ECK Associates Corp acquired a new position in shares of Ur Energy during the 2nd quarter valued at $31,875,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ur Energy during the 2nd quarter valued at $22,602,000. Deutsche Bank AG bought a new position in Ur Energy during the second quarter worth $4,645,000. Finally, Tidal Investments LLC boosted its stake in Ur Energy by 10,309.6% during the second quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company’s stock worth $2,607,000 after acquiring an additional 1,898,522 shares in the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Company Profile

(Get Free Report)

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.

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