Van ECK Associates Corp Buys New Stake in Ur Energy Inc $URG

Van ECK Associates Corp purchased a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,446,633 shares of the basic materials company’s stock, valued at approximately $31,875,000. Van ECK Associates Corp owned 0.06% of Ur Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of URG. CTC Alternative Strategies Ltd. acquired a new position in shares of Ur Energy during the first quarter valued at $31,000. Gabelli Funds LLC bought a new position in Ur Energy in the 3rd quarter valued at about $36,000. Earned Wealth Advisors LLC bought a new position in Ur Energy in the 1st quarter valued at about $37,000. Envestnet Asset Management Inc. acquired a new position in Ur Energy during the 2nd quarter valued at about $38,000. Finally, J.W. Cole Advisors Inc. increased its stake in Ur Energy by 96.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after buying an additional 14,500 shares during the period. Institutional investors own 57.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on URG. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. HC Wainwright lowered 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. Royal Bank Of Canada dropped their target price on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a report on Monday, August 17th. Northland Securities set a $2.35 target price on Ur Energy in a research report on Tuesday, May 12th. Finally, Roth Capital reaffirmed a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $2.32.

Insider Buying and Selling

In other news, Director Thomas H. Parker sold 87,858 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 580,884 shares of the company’s stock, valued at $859,708.32. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Roger L. Smith sold 103,536 shares of Ur Energy stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.43, for a total value of $148,056.48. Following the completion of the transaction, the chief financial officer owned 651,562 shares in the company, valued at $931,733.66. The trade was a 13.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 587,005 shares of company stock valued at $838,231 in the last three months. Insiders own 1.63% of the company’s stock.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $1.41 on Monday. The company has a 50-day moving average of $1.33 and a 200-day moving average of $1.51. The firm has a market cap of $560.32 million, a price-to-earnings ratio of -6.41 and a beta of 0.95. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35.

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

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.