Roth Mkm Reiterates Buy Rating for Ur-Energy (NYSEAMERICAN:URG)

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They presently have a $2.20 price target on the basic materials company’s stock, up from their previous price target of $1.90. Roth Mkm’s price target suggests a potential upside of 69.88% from the stock’s previous close.

Several other brokerages have also weighed in on URG. HC Wainwright decreased their target price on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Ventum Cap Mkts upgraded shares of Ur-Energy to a “strong-buy” rating in a research report on Monday, July 8th. Finally, B. Riley decreased their target price on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.30.

Ur-Energy Trading Up 2.0 %

NYSEAMERICAN URG opened at $1.30 on Wednesday. The firm has a market capitalization of $469.14 million, a price-to-earnings ratio of -7.19 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) (TSE:URE) last issued its earnings results on Friday, August 9th. The basic materials company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $4.65 million for the quarter, compared to analyst estimates of $4.60 million. Research analysts forecast that Ur-Energy will post -0.09 EPS for the current fiscal year.

Insider Activity at Ur-Energy

In related news, CFO Roger L. Smith sold 228,119 shares of Ur-Energy stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.20, for a total transaction of $273,742.80. Following the completion of the transaction, the chief financial officer now directly owns 613,061 shares of the company’s stock, valued at $735,673.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ur-Energy news, COO Steven M. Hatten sold 179,733 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.19, for a total value of $213,882.27. Following the completion of the transaction, the chief operating officer now directly owns 303,977 shares of the company’s stock, valued at approximately $361,732.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Roger L. Smith sold 228,119 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $1.20, for a total transaction of $273,742.80. Following the completion of the transaction, the chief financial officer now directly owns 613,061 shares of the company’s stock, valued at approximately $735,673.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 605,480 shares of company stock valued at $726,708 in the last ninety days. Insiders own 3.29% of the company’s stock.

Hedge Funds Weigh In On Ur-Energy

Institutional investors have recently modified their holdings of the stock. Xponance Inc. bought a new stake in shares of Ur-Energy during the second quarter worth approximately $25,000. Principal Financial Group Inc. bought a new stake in shares of Ur-Energy during the second quarter worth approximately $51,000. Tidal Investments LLC bought a new stake in shares of Ur-Energy during the first quarter worth approximately $65,000. Ballentine Partners LLC raised its stake in shares of Ur-Energy by 235.6% during the third quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock worth $81,000 after buying an additional 47,922 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Ur-Energy during the second quarter worth approximately $150,000. 57.51% of the stock is 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.