HC Wainwright set a $1.40 price objective on Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) in a research report report published on Tuesday. The brokerage currently has a buy rating on the basic materials company’s stock.
“We reiterate our Buy rating while reducing our per share PT to $1.40 from $1.50. Our lowered PT is solely due to a higher share count following the firm’s recent capital raise that issued shares below the NAV of the firm.”,” the firm’s analyst wrote.
A number of other equities analysts have also issued reports on URG. TheStreet lowered shares of Ur-Energy from a c rating to a d+ rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Ur-Energy from a hold rating to a strong-buy rating and set a $0.75 target price on the stock in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Ur-Energy has an average rating of Buy and a consensus target price of $1.38.
Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings data on Friday, July 27th. The basic materials company reported $0.02 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $6.16 million.
A hedge fund recently raised its stake in Ur-Energy stock. Bienville Capital Management LLC boosted its holdings in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 535.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,377,791 shares of the basic materials company’s stock after buying an additional 1,160,802 shares during the period. Bienville Capital Management LLC owned approximately 0.94% of Ur-Energy worth $923,000 as of its most recent SEC filing.
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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