Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) General Counsel David Ritchie purchased 10,000 shares of the business's stock in a transaction dated Monday, August 24th. The stock was purchased at an average price of $1.42 per share, for a total transaction of $14,200.00. Following the completion of the acquisition, the general counsel owned 10,000 shares of the company's stock, valued at approximately $14,200. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Ur Energy Stock Up 3.5%
URG stock opened at $1.48 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. The stock has a market capitalization of $588.14 million, a P/E ratio of -6.73 and a beta of 0.95. Ur Energy Inc has a fifty-two week low of $1.12 and a fifty-two week high of $2.35. The business 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 released its earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. The firm had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. On average, sell-side analysts anticipate that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently commented on the stock. B. Riley Financial upgraded shares of Ur Energy to a "strong-buy" rating in a report on Thursday, May 14th. Northland Securities set a $2.35 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Roth Capital restated a "buy" rating and set a $2.00 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright decreased their price objective on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada lowered their target price on Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat, Ur Energy presently has an average rating of "Buy" and an average target price of $2.32.
View Our Latest Analysis on URG
Hedge Funds Weigh In On Ur Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the company. AXQ Capital LP acquired a new position in Ur Energy during the second quarter worth $31,000. Van ECK Associates Corp acquired a new stake in Ur Energy in the second quarter valued at $31,875,000. Bank of America Corp DE acquired a new stake in Ur Energy in the second quarter valued at $757,000. Legal & General Group Plc bought a new position in shares of Ur Energy in the 2nd quarter valued at about $50,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Ur Energy in the 2nd quarter valued at about $22,602,000. 57.51% of the stock is owned by institutional investors.
Ur Energy News Roundup
Here are the key news stories impacting Ur Energy this week:
- Positive Sentiment: Analyst sentiment remains favorable. URG carries a consensus “Buy” rating, with a reported average price target of $2.32 versus recent trading levels. Royal Bank of Canada, HC Wainwright and Roth Capital maintain positive ratings, although RBC and HC Wainwright recently lowered their targets to $1.60 and $2.20, respectively.
- Positive Sentiment: Institutional ownership provides a supportive signal. Alps Advisors increased its position, while BlackRock, VanEck Associates and Manufacturers Life Insurance initiated new positions during the reported periods. Hedge funds and other institutions collectively own approximately 57.5% of Ur-Energy’s shares. Institutional ownership report
- Positive Sentiment: General Counsel David A. Ritchie bought 10,000 shares at approximately $1.42, establishing a new position. The purchase is a modest positive signal, though it is considerably smaller than the reported insider sales.
- Neutral Sentiment: Ur-Energy’s latest quarterly revenue was essentially in line with estimates at $14.37 million, but the company reported a $0.04-per-share loss, missing the consensus loss estimate of $0.03. Analysts expect a full-year loss of approximately $0.16 per share, underscoring that the uranium producer remains unprofitable.
- Negative Sentiment: CFO Roger L. Smith sold 103,536 shares for about $148,000, reducing his holdings by 13.7%. Directors Robby Sai Kit Chang and John Cash sold 75,588 and 77,751 shares, respectively, reducing their ownership by 43.9% and 10.1%.
- Negative Sentiment: Additional selling included 72,838 shares by Director Kathy Walker and 81,576 shares by COO Steven M. Hatten. Collectively, the recent transactions represent meaningful insider selling and may create near-term selling pressure, although such trades do not necessarily indicate a change in the company’s long-term outlook. Ur-Energy insider trading report
Ur Energy Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
