Ur-Energy Inc. (URG) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Ur-Energy Inc. (NYSE:URG) (TSE:URE) from a hold rating to a sell rating in a research report released on Tuesday morning.
According to Zacks, “UR-ENERGY INC., is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Ur-Energy has a registered office in Ottawa, Canada and its corporate headquarters are located in Littleton, Colorado. “
URG has been the subject of several other research reports. Roth Capital set a $2.00 price objective on shares of Ur-Energy and gave the company a buy rating in a research note on Tuesday, August 1st. FBR & Co restated a buy rating and issued a $1.00 price objective on shares of Ur-Energy in a research note on Friday, September 1st. Finally, ValuEngine upgraded shares of Ur-Energy from a hold rating to a buy rating in a research note on Monday. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Ur-Energy currently has a consensus rating of Buy and a consensus target price of $1.25.
Shares of Ur-Energy (URG) opened at 0.5512 on Tuesday. Ur-Energy has a 12 month low of $0.41 and a 12 month high of $0.91. The firm’s 50-day moving average price is $0.58 and its 200-day moving average price is $0.60. The firm has a market cap of $80.41 million and a PE ratio of 10.2074.
Ur-Energy (NYSE:URG) (TSE:URE) last released its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Ur-Energy had a net margin of 11.13% and a return on equity of 12.02%. The company had revenue of $11.82 million during the quarter, compared to the consensus estimate of $12.10 million. Analysts expect that Ur-Energy will post $0.05 earnings per share for the current year.
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Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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