David Ritchie Acquires 10,000 Shares of Ur Energy (NYSEAMERICAN:URG) Stock

Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) General Counsel David Ritchie bought 10,000 shares of Ur Energy stock in a transaction dated Monday, August 24th. The stock was purchased at an average price of $1.42 per share, with a total value of $14,200.00. Following the completion of the purchase, the general counsel owned 10,000 shares in the company, valued at $14,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Ur Energy Stock Performance

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

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $14.37 million for the quarter, compared to analyst estimates 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, research 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 research firms have weighed in on URG. HC Wainwright dropped 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. Royal Bank Of Canada lowered their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Northland Securities set a $2.35 price objective on Ur Energy in a report on Tuesday, May 12th. Finally, Roth Capital reissued a “buy” rating and set a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, Ur Energy presently has an average rating of “Buy” and an average target price of $2.32.

Ur Energy News Roundup

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of URG. Alps Advisors Inc. lifted its position in shares of Ur Energy by 11.8% during the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after acquiring an additional 4,628,176 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Ur Energy in the second quarter valued at $38,936,000. Van ECK Associates Corp purchased a new position in shares of Ur Energy in the second quarter valued at $31,875,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 purchasing an additional 497,280 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Ur Energy during the 2nd quarter valued at $22,602,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

About Ur Energy

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.