Ur-Energy price target lowered to $2.25 from $2.75 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Ur-Energy to $2.25 from $2.75 and keeps a Buy rating on the shares following the company’s recent update with respect to its ongoing ramp up of operations at its Lost Creek ISR uranium project in Wyoming and completion of a $46.1M equity offering during Q1. The firm’s lower target reflects dilution incurred from the offering.