Rodman & Renshaw Maintains UR-Energy Outperform, Lowers PT

Rodman & Renshaw maintained its UR-Energy (NYSE: URG) Outperform rating and lowered its UR-Energy price target from $2.52 to $2.37 in a research report published today.

In the report, Rodman & Renshaw states, "On September 2, 2011, Wyoming-based uranium exploration & development mining junior Ur-Energy announced that the U.S. Bureau of Land Management (BLM), which holds the key to the Company's remaining permits for its Lost Creek Project, revised its expectation for the release of the Environmental Impact Statement (EIS) and the Record of Decision by 6 to 9 months."

Shares of UR-Energy were trading at $1.15 at the time of posting, down 4.17% from Friday's market close.