Key Points
- Director Kathy Walker sold 72,838 Ur-Energy shares at an average price of $1.38, generating approximately $100,516 and reducing her direct ownership by 11.03% to 587,267 shares.
- Ur-Energy reported a quarterly loss of $0.04 per share, missing estimates by $0.01, while revenue of $14.37 million was essentially in line with expectations. Analysts project a full-year loss of $0.16 per share.
- Despite the insider sale and ongoing losses, institutional investors own 57.51% of the stock, and analysts maintain a consensus “Buy” rating with an average price target of $2.32 versus the reported $1.43 share price.
Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) Director Kathy Walker sold 72,838 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $1.38, for a total transaction of $100,516.44. Following the transaction, the director directly owned 587,267 shares of the company's stock, valued at approximately $810,428.46. This trade represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Ur Energy Stock Performance
Ur Energy stock opened at $1.43 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The firm has a market cap of $568.27 million, a P/E ratio of -6.50 and a beta of 0.95. Ur Energy Inc has a 1-year low of $1.12 and a 1-year high of $2.35. The firm has a 50-day moving average of $1.34 and a 200-day moving average of $1.52.
Ur Energy (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) last announced its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The business had revenue of $14.37 million for the quarter, compared to analysts' expectations of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. Sell-side analysts expect that Ur Energy Inc will post -0.16 EPS for the current year.
Institutional Investors Weigh In On Ur Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its holdings in shares of Ur Energy by 11.8% during the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company's stock valued at $60,922,000 after buying an additional 4,628,176 shares in the last quarter. BlackRock Inc. bought a new position in shares of Ur Energy in the 2nd quarter worth about $38,936,000. Van ECK Associates Corp bought a new position in shares of Ur Energy in the 2nd quarter worth about $31,875,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ur Energy by 2.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,354,823 shares of the basic materials company's stock valued at $38,225,000 after acquiring an additional 497,280 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in Ur Energy during the 2nd quarter valued at about $22,602,000. 57.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on URG. Northland Securities set a $2.35 target price on Ur Energy in a report on Tuesday, May 12th. B. Riley Financial raised shares of Ur Energy to a "strong-buy" rating in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their target price on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating for the company in a research report on Monday, August 17th. HC Wainwright cut their target price on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. Finally, Roth Capital reiterated a "buy" rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, Ur Energy presently has a consensus rating of "Buy" and a consensus target price of $2.32.
View Our Latest Stock Analysis on URG
About Ur Energy
(
Get Free Report)
Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company's core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.
The company's flagship asset is the Lost Creek Project in Wyoming's Great Divide Basin, which commenced commercial production in 2013.
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