Ur-Energy (NYSEAMERICAN:URG) Rating Reiterated by Roth Mkm

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE's stock had its "buy" rating reaffirmed by investment analysts at Roth Mkm in a report issued on Wednesday, Benzinga reports. They presently have a $2.20 target price on the basic materials company's stock, up from their previous target price of $1.90. Roth Mkm's price target would indicate a potential upside of 74.60% from the stock's current price.

Several other research firms have also weighed in on URG. B. Riley reduced their price objective on Ur-Energy from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Tuesday, August 20th. Ventum Cap Mkts raised Ur-Energy to a "strong-buy" rating in a research note on Monday, July 8th. Finally, HC Wainwright reduced their price objective 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 equities research 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 MarketBeat, Ur-Energy presently has an average rating of "Moderate Buy" and an average target price of $2.30.

Ur-Energy Price Performance

URG traded down $0.03 during midday trading on Wednesday, hitting $1.26. The company's stock had a trading volume of 3,182,518 shares, compared to its average volume of 3,647,884. The stock has a market capitalization of $456.46 million, a price-to-earnings ratio of -7.00 and a beta of 1.12. Ur-Energy has a 52-week low of $0.96 and a 52-week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last posted its quarterly earnings results on Friday, August 9th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $4.65 million during the quarter, compared to analysts' expectations of $4.60 million. Equities research analysts anticipate that Ur-Energy will post -0.09 earnings per share for the current year.

Insider Activity

In other news, Director Gary C. Huber sold 97,628 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total value of $120,082.44. Following the completion of the sale, the director now directly owns 404,869 shares in the company, valued at approximately $497,988.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gary C. Huber sold 97,628 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total value of $120,082.44. Following the completion of the sale, the director now directly owns 404,869 shares in the company, valued at approximately $497,988.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Roger L. Smith sold 228,119 shares of the company'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 transaction, the chief financial officer now owns 613,061 shares of the company's stock, valued at approximately $735,673.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 605,480 shares of company stock worth $726,708. 3.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URG. Lloyd Harbor Capital Management LLC grew its stake in Ur-Energy by 167.4% during the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company's stock worth $11,406,000 after buying an additional 5,100,000 shares during the last quarter. Azarias Capital Management L.P. boosted its position in Ur-Energy by 12.2% during the 2nd quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company's stock worth $22,918,000 after acquiring an additional 1,786,023 shares during the period. Bank of New York Mellon Corp acquired a new position in Ur-Energy during the 2nd quarter worth $1,099,000. Goehring & Rozencwajg Associates LLC boosted its position in Ur-Energy by 21.5% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company's stock worth $4,104,000 after acquiring an additional 517,800 shares during the period. Finally, Toronto Dominion Bank boosted its position in Ur-Energy by 153,746.2% during the 1st 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 currently owned by 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.