Zacks Investment Research cut shares of Ur-Energy Inc. (NYSE:URG) from a buy rating to a hold rating in a report published on Friday, July 21st.
According to Zacks, “UR-ENERGY INC., is a uranium exploration and development company currently completing mine planning and permitting activities to bring its Lost Creek Wyoming uranium deposit into production. Ur-Energy engages in the identification, acquisition and exploration of uranium properties in both Canada and the United States. Ur-Energy has a registered office in Ottawa, Canada and its corporate headquarters are located in Littleton, Colorado. “
A number of other equities research analysts also recently issued reports on the stock. TheStreet upgraded shares of Ur-Energy from a d rating to a c rating in a research report on Tuesday, May 30th. ValuEngine downgraded shares of Ur-Energy from a buy rating to a hold rating in a research report on Saturday, June 3rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $1.25.
Ur-Energy (URG) opened at 0.6112 on Friday. The firm has a market cap of $89.16 million and a PE ratio of 11.3185. Ur-Energy has a 12-month low of $0.41 and a 12-month high of $0.91. The company has a 50-day moving average price of $0.62 and a 200-day moving average price of $0.66.
Ur-Energy (NYSE:URG) last announced its quarterly earnings data on Friday, July 28th. The basic materials company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $11.82 million during the quarter, compared to the consensus estimate of $12.10 million. Ur-Energy had a net margin of 34.99% and a return on equity of 52.46%. On average, equities analysts predict that Ur-Energy will post $0.04 earnings per share for the current year.
About Ur-Energy
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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