Ur Energy Inc (NYSEAMERICAN:URG) Stock Has Consensus Target Price of $2.28

Shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $2.28.

Several analysts have recently issued reports on URG shares. Royal Bank Of Canada reduced their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. HC Wainwright reduced their price target on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, August 11th.

Insider Buying and Selling at Ur Energy

In other news, Director Thomas H. Parker sold 87,858 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the transaction, the director owned 580,884 shares of the company’s stock, valued at approximately $859,708.32. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary C. Huber sold 87,858 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the sale, the director directly owned 558,016 shares of the company’s stock, valued at approximately $825,863.68. The trade was a 13.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 182,137 shares of company stock worth $221,773 and sold 587,005 shares worth $838,231. 1.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in Ur Energy by 10,309.6% in the second quarter. Tidal Investments LLC now owns 1,916,937 shares of the basic materials company’s stock worth $2,607,000 after acquiring an additional 1,898,522 shares in the last quarter. GFG Capital LLC purchased a new position in shares of Ur Energy during the second quarter valued at approximately $61,000. AXQ Capital LP bought a new stake in Ur Energy during the second quarter worth $31,000. Van ECK Associates Corp bought a new position in Ur Energy during the 2nd quarter valued at $31,875,000. Finally, Bank of America Corp DE purchased a new position in Ur Energy during the second quarter worth about $757,000. 57.51% of the stock is owned by institutional investors.

Ur Energy Price Performance

Shares of URG opened at $0.90 on Friday. Ur Energy has a fifty-two week low of $0.79 and a fifty-two week high of $2.15. The company’s 50-day moving average is $1.16 and its 200-day moving average is $1.46.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $14.36 million. As a group, equities research analysts anticipate that Ur Energy will post -0.16 EPS for the current fiscal year.

Ur Energy Company Profile

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company’s activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy’s principal operating asset is the Lost Creek uranium project in Wyoming’s Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.