Ur-Energy (URG) Rating Lowered to Sell at Zacks Investment Research

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. They have produced, packaged and shipped more than two million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate their LC East project area into the Lost Creek permits, and they have begun to submit applications for permits and licenses to construct and operate at their Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. “

URG has been the subject of several other reports. HC Wainwright set a $2.00 price objective on shares of Ur-Energy and gave the stock a “buy” rating in a research note on Monday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Ur-Energy in a research note on Monday, November 6th. Roth Capital set a $2.00 price objective on shares of Ur-Energy and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, ValuEngine raised shares of Ur-Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Ur-Energy currently has an average rating of “Buy” and a consensus price target of $1.38.

Ur-Energy (URG) opened at $0.75 on Friday. The company has a market cap of $108.13, a price-to-earnings ratio of 37.25 and a beta of 0.95. Ur-Energy has a one year low of $0.50 and a one year high of $0.91.

In other news, Director Paul Macdonell sold 68,763 shares of Ur-Energy stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $0.69, for a total transaction of $47,446.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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Ur-Energy Company Profile

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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