Key Points
- Ur-Energy VP Jade Walle purchased 75,581 shares at an average price of $1.29, investing approximately $97,499 and increasing their direct stake by 30% to 327,481 shares.
- Ur-Energy reported a quarterly loss of $0.04 per share, missing estimates by $0.01, while revenue of $14.37 million was roughly in line with expectations. The stock opened at $1.22, below its 50-day and 200-day moving averages.
- Institutional investors own 57.51% of the company, with several major funds initiating or expanding positions. Analysts maintain a broadly positive view, with an average “Buy” rating and a $2.32 price target.
Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) VP Jade Walle bought 75,581 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $1.29 per share, with a total value of $97,499.49. Following the completion of the transaction, the vice president directly owned 327,481 shares of the company's stock, valued at $422,450.49. This represents a 30.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Ur Energy Stock Down 2.4%
URG opened at $1.22 on Wednesday. The business's fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.49. Ur Energy Inc has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. The stock has a market cap of $484.82 million, a PE ratio of -5.55 and a beta of 0.94.
Ur Energy (NYSEAMERICAN:URG - Get Free Report) (TSE:URE) last issued its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%.The firm had revenue of $14.37 million for the quarter, compared to the consensus estimate of $14.36 million. As a group, research analysts expect that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.
Institutional Trading of Ur Energy
Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Ur Energy during the second quarter valued at about $38,936,000. Van ECK Associates Corp bought a new position in shares of Ur Energy during the second quarter valued at about $31,875,000. The Manufacturers Life Insurance Company purchased a new position in shares of Ur Energy in the second quarter worth about $22,602,000. CenterBook Partners LP increased its holdings in shares of Ur Energy by 153.7% in the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company's stock worth $14,819,000 after buying an additional 6,458,113 shares during the period. Finally, Alps Advisors Inc. lifted its stake in shares of Ur Energy by 11.8% in 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 acquiring an additional 4,628,176 shares during the last quarter. 57.51% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. HC Wainwright dropped their target price on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their price target on shares of 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 equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $2.32.
Check Out Our Latest Analysis on Ur Energy
Ur Energy Company Profile
(
Get Free Report)
Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company's activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.
Ur-Energy's primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming's Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.
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