Zacks Investment Research upgraded shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) from a hold rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $0.75 target price on the basic materials company’s stock.
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. “
URG has been the subject of several other reports. HC Wainwright set a $2.00 target price on shares of Ur-Energy and gave the company a buy rating in a report on Monday, July 30th. TheStreet lowered shares of Ur-Energy from a c rating to a d+ rating in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $1.38.
URG stock opened at $0.69 on Wednesday. Ur-Energy has a 52-week low of $0.50 and a 52-week high of $0.93.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Friday, July 27th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Ur-Energy had a negative net margin of 25.68% and a negative return on equity of 27.83%. The firm had revenue of $3.81 million during the quarter, compared to analyst estimates of $6.16 million.
An institutional investor recently raised its position in Ur-Energy stock. Citadel Advisors LLC increased its position in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 266.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,651 shares of the basic materials company’s stock after acquiring an additional 156,134 shares during the period. Citadel Advisors LLC owned about 0.15% of Ur-Energy worth $129,000 at the end of the most recent reporting period.
Ur-Energy Company Profile
Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 13 projects located in the United States. Its principal property is the Lost Creek project comprising a total of approximately 1,900 unpatented mining claims and 3 Wyoming mineral leases covering an area of approximately 37,500 acres located in the Great Divide Basin, Wyoming.
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