B. Riley Adjusts Ur-Energy Price Target to $2 From $2.50, Maintains Buy Rating
B. Riley has lowered its price target for Ur-Energy Inc. while maintaining a Buy rating on the stock.
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B. Riley has lowered its price target for Ur-Energy Inc. while maintaining a Buy rating on the stock.
Uranium Energy (UEC) is expected to report $9 million in Q4 revenues versus nil a year ago, but still post a loss of four cents per share. While uranium prices rose 16% year-over-year, higher operating, exploration, and development costs are expected to offset revenue gains. The company's shares have declined 18.1% over the past year.