Ur Energy (NYSEAMERICAN:URG) Upgraded at Royal Bank Of Canada

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently commented on the stock. Roth Capital reissued a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Northland Securities set a $2.35 price target on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright reissued a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. Finally, Canaccord Genuity Group started coverage on shares of Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $2.45.

Ur Energy Stock Up 4.7%

Shares of NYSEAMERICAN:URG opened at $1.34 on Monday. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.60. Ur Energy has a 12-month low of $1.12 and a 12-month high of $2.35. The stock has a market capitalization of $532.42 million, a price-to-earnings ratio of -5.58 and a beta of 0.91.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Friday, May 8th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The company had revenue of $3.90 million during the quarter, compared to analysts’ expectations of $9.86 million. On average, research analysts anticipate that Ur Energy will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ur Energy

A number of hedge funds have recently bought and sold shares of URG. Azarias Capital Management L.P. boosted its holdings in shares of Ur Energy by 3.3% during the 4th quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock valued at $19,391,000 after acquiring an additional 445,857 shares during the last quarter. Simcoe Capital LLC purchased a new position in shares of Ur Energy during the fourth quarter valued at approximately $2,173,000. Themes Management Co LLC bought a new position in Ur Energy during the fourth quarter valued at approximately $568,000. HITE Hedge Asset Management LLC bought a new position in Ur Energy during the fourth quarter valued at approximately $2,871,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Ur Energy by 183.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 400,881 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.