Ur-Energy (NYSEAMERICAN:URG) Lifted to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports. Ventum Cap Mkts also issued estimates for Ur-Energy’s FY2024 earnings at ($0.03) EPS, FY2025 earnings at $0.03 EPS, FY2026 earnings at $0.11 EPS and FY2027 earnings at $0.16 EPS.

URG has been the subject of several other research reports. Roth Mkm lowered their price objective on shares of Ur-Energy from $2.20 to $2.10 and set a buy rating for the company in a research note on Thursday, May 9th. HC Wainwright lowered their price objective on shares of Ur-Energy from $3.40 to $3.30 and set a buy rating for the company in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $2.80.

Ur-Energy Stock Up 2.0 %

Shares of NYSEAMERICAN URG opened at $1.50 on Monday. The stock has a market capitalization of $435.68 million, a PE ratio of -7.89 and a beta of 1.12. Ur-Energy has a 52 week low of $0.95 and a 52 week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative return on equity of 61.67% and a negative net margin of 173.40%. As a group, equities research analysts predict that Ur-Energy will post -0.09 EPS for the current fiscal year.

Insider Activity at Ur-Energy

In related news, Director Robby Sai Kit Chang sold 60,100 shares of Ur-Energy stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.47, for a total value of $88,347.00. Following the transaction, the director now directly owns 73,572 shares in the company, valued at approximately $108,150.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ur-Energy news, Director Robby Sai Kit Chang sold 60,100 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $1.47, for a total transaction of $88,347.00. Following the sale, the director now directly owns 73,572 shares in the company, valued at approximately $108,150.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James M. Franklin sold 56,305 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1.59, for a total transaction of $89,524.95. Following the completion of the sale, the director now owns 616,133 shares in the company, valued at $979,651.47. The disclosure for this sale can be found here. Insiders have sold a total of 189,879 shares of company stock worth $279,266 in the last three months. Insiders own 3.29% of the company’s stock.

Institutional Investors Weigh In On Ur-Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC acquired a new position in Ur-Energy in the 1st quarter valued at about $65,000. Jump Financial LLC acquired a new position in Ur-Energy in the 4th quarter valued at about $109,000. Cannon Global Investment Management LLC acquired a new position in Ur-Energy in the 1st quarter valued at about $224,000. U S Global Investors Inc. acquired a new position in Ur-Energy in the 4th quarter valued at about $231,000. Finally, Verity Asset Management Inc. raised its stake in Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 12,005 shares during the last quarter. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

About Ur-Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.