Ur-Energy price target lowered to $1.80 from $2.10 at Roth Capital

Roth Capital lowered the firm’s price target on Ur-Energy (URG) to $1.80 from $2.10 and keeps a Buy rating on the shares. The company provided a production update for Q1, with production that was somewhat below the firm’s expectations and current production rates remaining somewhat below its forward estimates, the analyst tells investors in a research note. Roth adds it has updated its outlook to show a more gradual production rate increase over the next two years.