Northland lowered the firm’s price target on Ur-Energy (URG) to $1.85 from $2.15 and keeps an Outperform rating on the shares. Q4 results included an updated Lost Creek technical report with higher operating expense that more than offset about 1M pounds of net additional resource, the analyst tells investors. In addition, startup for Shirley Basin has been delayed from Q1 to Q2 due to regulatory approval delays, the analyst added.
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