HC Wainwright Trims Ur-Energy (NYSEAMERICAN:URG) Target Price to $3.40

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target cut by HC Wainwright from $3.60 to $3.40 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the basic materials company’s stock. HC Wainwright also issued estimates for Ur-Energy’s FY2024 earnings at $0.00 EPS and FY2025 earnings at $0.08 EPS.

A number of other equities analysts have also recently commented on the company. B. Riley assumed coverage on Ur-Energy in a report on Friday, February 2nd. They set a buy rating and a $3.00 target price for the company. Roth Mkm reduced their target price on Ur-Energy from $2.40 to $2.20 and set a buy rating for the company in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $2.87.

Ur-Energy Stock Up 3.7 %

Shares of URG stock opened at $1.69 on Thursday. Ur-Energy has a 52-week low of $0.84 and a 52-week high of $2.01. The stock has a market capitalization of $475.95 million, a PE ratio of -14.08 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $5.44 million for the quarter, compared to analysts’ expectations of $5.10 million. Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. As a group, equities research analysts expect that Ur-Energy will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ur-Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Azarias Capital Management L.P. increased its holdings in shares of Ur-Energy by 13.2% in the fourth quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock valued at $22,205,000 after purchasing an additional 1,686,286 shares during the last quarter. Citigroup Inc. increased its stake in Ur-Energy by 707,496.3% during the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock worth $863,000 after acquiring an additional 565,997 shares during the last quarter. Alps Advisors Inc. increased its stake in Ur-Energy by 20.5% during the third quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock worth $28,258,000 after acquiring an additional 3,118,647 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Ur-Energy by 8.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock worth $23,892,000 after acquiring an additional 1,260,419 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Ur-Energy during the third quarter worth $504,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

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.