B. Riley Trims Ur-Energy (NYSEAMERICAN:URG) Target Price to $2.00

Ur-Energy (NYSEAMERICAN:URG - Free Report) TSE: URE had its price target lowered by B. Riley from $3.00 to $2.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the basic materials company's stock.

Other equities research analysts have also issued reports about the stock. Ventum Cap Mkts raised shares of Ur-Energy to a strong-buy rating in a research note on Monday, July 8th. Roth Mkm decreased their price target on Ur-Energy from $2.20 to $2.10 and set a buy rating on the stock in a research note on Thursday, May 9th. Finally, HC Wainwright decreased their target price on Ur-Energy from $3.20 to $2.70 and set a buy rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $2.27.

Ur-Energy Stock Down 3.2 %

URG stock traded down $0.04 during trading on Tuesday, reaching $1.06. The company had a trading volume of 1,463,455 shares, compared to its average volume of 3,543,110. The stock has a market capitalization of $382.19 million, a PE ratio of -5.55 and a beta of 1.12. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $2.01.

Insider Buying and Selling at Ur-Energy

In related news, Director James M. Franklin sold 56,305 shares of the business's stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total transaction of $89,524.95. Following the sale, the director now owns 616,133 shares of the company's stock, valued at $979,651.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director James M. Franklin sold 56,305 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the sale, the director now directly owns 616,133 shares of the company's stock, valued at approximately $979,651.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robby Sai Kit Chang sold 73,474 shares of the firm's stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $1.38, for a total transaction of $101,394.12. Following the transaction, the director now directly owns 73,572 shares of the company's stock, valued at $101,529.36. 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. 3.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ur-Energy

Several large investors have recently added to or reduced their stakes in URG. Xponance Inc. purchased a new position in shares of Ur-Energy in the 2nd quarter worth about $25,000. Principal Financial Group Inc. bought a new stake in shares of Ur-Energy in the 2nd quarter worth approximately $51,000. Tidal Investments LLC acquired a new position in shares of Ur-Energy during the first quarter valued at $65,000. Jump Financial LLC bought a new position in Ur-Energy in the 4th quarter worth about $109,000. Finally, The Manufacturers Life Insurance Company bought a new position in Ur-Energy in the 2nd quarter worth approximately $150,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

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.