Key Points
- Director Gary Huber sold 87,858 Ur-Energy shares at an average of $1.48, totaling approximately $130,030 and reducing his stake by 13.6%.
- Ur-Energy’s latest quarter produced $14.37 million in revenue, essentially matching estimates, but its $0.04-per-share loss exceeded expectations. Analysts project a full-year loss of about $0.16 per share.
- Despite a cluster of insider sales, analysts maintain a consensus “Buy” rating with an average price target of $2.32; institutional investors own approximately 57.5% of the company.
Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) Director Gary Huber sold 87,858 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the sale, the director directly owned 558,016 shares of the company's stock, valued at $825,863.68. The trade was a 13.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Ur Energy Trading Up 2.7%
Shares of NYSEAMERICAN URG opened at $1.52 on Thursday. The stock's 50 day moving average price is $1.34 and its two-hundred day moving average price is $1.52. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. The stock has a market capitalization of $604.03 million, a P/E ratio of -6.91 and a beta of 0.95. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.
Ur Energy (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) last posted 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 during the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. On average, analysts anticipate that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. B. Riley Financial raised shares of Ur Energy to a "strong-buy" rating in a research note on Thursday, May 14th. Northland Securities set a $2.35 price target on Ur Energy in a report on Tuesday, May 12th. Royal Bank Of Canada lowered their price target on Ur Energy from $1.75 to $1.60 and set an "outperform" rating for the company in a research note on Monday, August 17th. Roth Capital restated a "buy" rating and issued a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Finally, HC Wainwright cut their price objective on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $2.32.
Read Our Latest Research Report on URG
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new stake in Ur Energy in the 1st quarter valued at $2,439,000. Segra Capital Management LLC increased its position in Ur Energy by 159,828.6% during the 1st quarter. Segra Capital Management LLC now owns 1,599,286 shares of the basic materials company's stock worth $2,383,000 after buying an additional 1,598,286 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in Ur Energy by 22.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,253,094 shares of the basic materials company's stock worth $6,337,000 after buying an additional 785,173 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of Ur Energy during the fourth quarter worth $2,871,000. Finally, Simcoe Capital LLC acquired a new stake in shares of Ur Energy during the fourth quarter worth $2,173,000. Institutional investors own 57.51% of the company's stock.
Ur Energy News Summary
Here are the key news stories impacting Ur Energy this week:
- Positive Sentiment: General Counsel David A. Ritchie purchased 10,000 shares at approximately $1.42 each, establishing a new position. The purchase is a modestly positive signal of confidence, although it was much smaller than the insider sales. SEC filing
- Positive Sentiment: Analyst sentiment remains favorable, with URG carrying a consensus “Buy” rating and an average target of $2.32. However, recent target reductions from Royal Bank of Canada and HC Wainwright indicate some caution about the company’s near-term outlook.
- Positive Sentiment: Institutional ownership is a supportive factor: hedge funds and other institutions hold approximately 57.5% of the shares, while several large investors, including BlackRock, VanEck Associates and Manufacturers Life, recently initiated positions.
- Neutral Sentiment: Ur-Energy’s latest quarterly revenue of $14.37 million was essentially in line with estimates, but its $0.04-per-share loss was wider than the expected $0.03 loss. Analysts anticipate a full-year loss of approximately $0.16 per share, highlighting the company’s continuing lack of profitability.
- Negative Sentiment: CFO Roger L. Smith sold 103,536 shares for approximately $148,000, reducing his stake by 13.7%. Directors Robby Sai Kit Chang and John Cash also sold 75,588 and 77,751 shares, respectively, cutting their ownership by about 43.9% and 10.1%.
- Negative Sentiment: Directors Gary C. Huber and Thomas H. Parker each sold 87,858 shares at roughly $1.48, reducing their positions by 13.6% and 13.1%. Director Kathy Walker previously sold 72,838 shares, while the general counsel’s purchase was comparatively small. The cluster of insider sales may create near-term selling pressure. 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.
Further Reading
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].
