In a recent analysis, Roth Capital revised its price target for Ur-Energy (URG, Financial), reducing it from $2.10 to $1.80 while maintaining a Buy rating on the stock. This adjustment comes in the wake of Ur-Energy's production report for the first quarter, which fell short of the firm's expectations. Current production figures are also lagging behind Roth's future projections.
The analyst notes that production rates remain below anticipated levels and has consequently revised the outlook to reflect a more gradual increase over the next two years. Despite these adjustments, Roth Capital continues to see potential in Ur-Energy's long-term performance, reinforcing its Buy rating despite the short-term challenges.
