B. Riley Financial Has Lowered Expectations for Ur Energy (NYSEAMERICAN:URG) Stock Price

Ur Energy (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) had its price target dropped by B. Riley Financial from $2.50 to $2.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. B. Riley Financial‘s target price would indicate a potential upside of 122.87% from the company’s previous close.

URG has been the topic of a number of other research reports. HC Wainwright cut 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 note on Tuesday, August 11th. Royal Bank Of Canada reduced their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $2.23.

Check Out Our Latest Analysis on Ur Energy

Ur Energy Trading Up 9.2%

Ur Energy stock opened at $0.90 on Wednesday. The business’s 50-day simple moving average is $1.16 and its 200 day simple moving average is $1.46. Ur Energy has a 12-month low of $0.79 and a 12-month high of $2.15.

Ur Energy (NYSEAMERICAN:URG – Get Free Report) (TSE:URE) last announced 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 company had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Equities research analysts forecast that Ur Energy will post -0.16 EPS for the current fiscal year.

Insider Transactions at Ur Energy

In other news, Director Thomas H. Parker sold 87,858 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the transaction, the director directly owned 580,884 shares of the company’s stock, valued at $859,708.32. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jade Walle acquired 96,556 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were purchased at an average price of $1.14 per share, with a total value of $110,073.84. Following the completion of the acquisition, the vice president owned 424,037 shares of the company’s stock, valued at $483,402.18. This represents a 29.48% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. Company insiders own 1.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. acquired a new stake in shares of Ur Energy in the 1st quarter valued at approximately $31,000. AXQ Capital LP acquired a new position in Ur Energy during the second quarter worth $31,000. Pacer Advisors Inc. increased its holdings in Ur Energy by 2.0% during the first quarter. Pacer Advisors Inc. now owns 1,220,144 shares of the basic materials company’s stock worth $1,818,000 after buying an additional 24,386 shares during the last quarter. Earned Wealth Advisors LLC acquired a new position in Ur Energy during the first quarter worth $37,000. Finally, Legal & General Group Plc bought a new stake in Ur Energy during the second quarter worth $50,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

About Ur Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ur Energy (NYSEAMERICAN:URG)

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