Roth Mkm Reaffirms “Buy” Rating for Ur-Energy (NYSEAMERICAN:URG)

Roth Mkm reaffirmed their buy rating on shares of Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) in a research note released on Wednesday morning, Benzinga reports. Roth Mkm currently has a $2.20 price target on the basic materials company’s stock, up from their prior price target of $1.90.

A number of other analysts have also recently weighed in on URG. HC Wainwright lowered their target price on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Ventum Cap Mkts raised Ur-Energy to a “strong-buy” rating in a report on Monday, July 8th. Finally, B. Riley cut their target price on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2.30.

Ur-Energy Stock Performance

URG stock opened at $1.28 on Wednesday. The stock has a market cap of $463.71 million, a P/E ratio of -7.11 and a beta of 1.12. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Friday, August 9th. The basic materials company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $4.65 million during the quarter, compared to analyst estimates of $4.60 million. On average, sell-side analysts predict that Ur-Energy will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gary C. Huber sold 97,628 shares of Ur-Energy stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total value of $120,082.44. Following the completion of the transaction, the director now owns 404,869 shares in the company, valued at approximately $497,988.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Gary C. Huber sold 97,628 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total transaction of $120,082.44. Following the sale, the director now owns 404,869 shares in the company, valued at approximately $497,988.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Roger L. Smith sold 228,119 shares of Ur-Energy stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.20, for a total value of $273,742.80. Following the completion of the transaction, the chief financial officer now directly owns 613,061 shares of the company’s stock, valued at $735,673.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 605,480 shares of company stock valued at $726,708. 3.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ur-Energy

A number of large investors have recently modified their holdings of the stock. Ballentine Partners LLC raised its position in Ur-Energy by 235.6% in the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 47,922 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Ur-Energy in the 3rd quarter valued at $191,000. Lloyd Harbor Capital Management LLC raised its position in shares of Ur-Energy by 167.4% during the second quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company’s stock worth $11,406,000 after acquiring an additional 5,100,000 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Ur-Energy during the second quarter worth $150,000. Finally, Xponance Inc. acquired a new position in shares of Ur-Energy during the second quarter valued at $25,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.