Roger Smith Sells 103,536 Shares of Ur Energy (NYSEAMERICAN:URG) Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) CFO Roger Smith sold 103,536 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.43, for a total transaction of $148,056.48. Following the transaction, the chief financial officer directly owned 651,562 shares of the company’s stock, valued at approximately $931,733.66. This represents a 13.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ur Energy Stock Performance

Shares of Ur Energy stock opened at $1.52 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35. The firm’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.52. The firm has a market cap of $604.03 million, a PE ratio of -6.91 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings data 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 net margin of 252.75% and a negative return on equity of 110.84%. The firm had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Equities analysts forecast that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. bought a new position in Ur Energy in the 1st quarter valued at about $2,439,000. Segra Capital Management LLC raised its position in shares of 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 in the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Ur Energy by 22.6% in 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 acquiring an additional 785,173 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of Ur Energy in the fourth quarter valued at approximately $2,871,000. Finally, Simcoe Capital LLC bought a new position in shares of Ur Energy in the fourth quarter valued at approximately $2,173,000. Institutional investors own 57.51% of the company’s stock.

Key Ur Energy News

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

Analysts Set New Price Targets

URG has been the subject of a number of research reports. Royal Bank Of Canada decreased their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. Roth Capital restated a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Northland Securities set a $2.35 price target on shares of 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. Finally, HC Wainwright dropped 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 note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $2.32.

Ur Energy Company Profile

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.