Ur-Energy (NYSEAMERICAN:URG) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) released its earnings results on Monday. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04), reports. Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%.

Ur-Energy Stock Down 2.5 %

URG opened at $1.75 on Thursday. Ur-Energy has a 1 year low of $0.84 and a 1 year high of $2.01. The firm has a market cap of $491.44 million, a P/E ratio of -14.54 and a beta of 1.10.

Analyst Ratings Changes

A number of research analysts recently weighed in on URG shares. Roth Mkm reduced their target price on Ur-Energy from $2.40 to $2.20 and set a “buy” rating on the stock in a report on Thursday, March 14th. B. Riley began coverage on Ur-Energy in a report on Friday, February 2nd. They set a “buy” rating and a $3.00 price objective on the stock. Finally, HC Wainwright cut their target price on shares of Ur-Energy from $3.40 to $3.30 and set a “buy” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2.83.

Institutional Trading of Ur-Energy

Institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in Ur-Energy by 20.5% during the third quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock valued at $28,258,000 after purchasing an additional 3,118,647 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ur-Energy by 26.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company’s stock worth $21,951,000 after acquiring an additional 2,956,468 shares during the period. Azarias Capital Management L.P. raised its holdings in Ur-Energy by 13.2% in the 4th quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock worth $22,205,000 after acquiring an additional 1,686,286 shares during the period. EAM Investors LLC acquired a new position in Ur-Energy during the 3rd quarter worth $1,186,000. Finally, Citigroup Inc. boosted its holdings in Ur-Energy by 707,496.3% during the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock valued at $863,000 after acquiring an additional 565,997 shares during the period. 57.51% of the stock is currently owned by institutional investors and hedge funds.

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.