Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.
According to Zacks, “Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. They have produced, packaged and shipped more than two million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate their LC East project area into the Lost Creek permits, and they have begun to submit applications for permits and licenses to construct and operate at their Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. “
A number of other equities research analysts have also issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Ur-Energy in a report on Monday, November 6th. Roth Capital set a $2.00 price objective on shares of Ur-Energy and gave the company a “buy” rating in a report on Monday, October 30th. ValuEngine lowered shares of Ur-Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, HC Wainwright set a $2.00 price objective on shares of Ur-Energy and gave the company a “buy” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Ur-Energy currently has an average rating of “Buy” and a consensus target price of $1.38.
Shares of Ur-Energy (NYSEAMERICAN:URG) opened at $0.75 on Friday. Ur-Energy has a fifty-two week low of $0.50 and a fifty-two week high of $0.91. The stock has a market cap of $108.13, a P/E ratio of 37.25 and a beta of 0.95.
In related news, Director Paul Macdonell sold 68,763 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $0.69, for a total value of $47,446.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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Ur-Energy Company Profile
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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