In a research report released Wednesday, Roth Capital analyst Joe Reagor reaffirmed a Buy rating on UR-Energy Inc (NYSE:URG) with a price target of $1.75, which represents a potential upside of 111% from where the stock is currently trading.
Reagor wrote, “On November 3, 2014 URG released its Q3 2014 financial results showing a loss of $0,03 per share. Despite a disappointing EPS for Q3 we believe that the outlook for URG and the uranium market is strengthening. We are reiterating our Buy rating and increasing our price target from $1.50 to $1.75. Q3 EPS loss of $0.03 a slight miss. On November 3, 2014 URG announced its Q3 2014 earnings. EPS was a loss of $0.03 on revenue of $7.3 million compared to our estimates of breakeven EPS and revenue of $6.2 million. The EPS miss was due to higher than anticipated cash costs resulting from lower production volumes. The revenue beat was due to the completion of the final shipment into URG’s assigned contracts. This was non-cash revenue and thus not a true revenue beat.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joe Reagor has a total average return of -20.2% and a 11.8% success rate. Reagor has a -17.0% average return when recommending URG, and is ranked #3345 out of 3362 analysts.