Ur-Energy (NYSEAMERICAN:URG) Price Target Lowered to $2.70 at HC Wainwright

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target lowered by HC Wainwright from $3.20 to $2.70 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock. HC Wainwright also issued estimates for Ur-Energy’s FY2024 earnings at ($0.09) EPS.

A number of other research firms have also recently weighed in on URG. Roth Mkm dropped their price objective on shares of Ur-Energy from $2.20 to $2.10 and set a buy rating on the stock in a report on Thursday, May 9th. Ventum Cap Mkts raised shares of Ur-Energy to a strong-buy rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ur-Energy has an average rating of Moderate Buy and an average price target of $2.60.

Ur-Energy Stock Performance

Shares of NYSEAMERICAN:URG opened at $1.06 on Wednesday. The firm has a market cap of $384.01 million, a price-to-earnings ratio of -5.58 and a beta of 1.12. Ur-Energy has a 1-year low of $0.96 and a 1-year high of $2.01.

Insider Buying and Selling

In other news, Director James M. Franklin sold 56,305 shares of Ur-Energy stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the transaction, the director now directly owns 616,133 shares of the company’s stock, valued at $979,651.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of Ur-Energy stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1.59, for a total transaction of $89,524.95. Following the transaction, the director now directly owns 616,133 shares in the company, valued at approximately $979,651.47. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robby Sai Kit Chang sold 73,474 shares of Ur-Energy stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $1.38, for a total transaction of $101,394.12. Following the transaction, the director now owns 73,572 shares in the company, valued at $101,529.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,879 shares of company stock valued at $279,266. 3.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ur-Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Azarias Capital Management L.P. boosted its holdings in Ur-Energy by 12.2% in the second quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company’s stock worth $22,918,000 after purchasing an additional 1,786,023 shares in the last quarter. CQS US LLC lifted its position in Ur-Energy by 0.5% during the 2nd quarter. CQS US LLC now owns 12,223,939 shares of the basic materials company’s stock worth $17,114,000 after acquiring an additional 64,141 shares during the last quarter. Lloyd Harbor Capital Management LLC lifted its position in Ur-Energy by 167.4% during the 2nd 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. Goehring & Rozencwajg Associates LLC lifted its position in Ur-Energy by 21.5% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock worth $4,104,000 after acquiring an additional 517,800 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in Ur-Energy by 10.1% during the 1st quarter. Vident Advisory LLC now owns 2,625,640 shares of the basic materials company’s stock worth $4,201,000 after acquiring an additional 241,036 shares during the last quarter. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

Ur-Energy Company Profile

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.