Empery Asset Management LP Takes Position in Ur Energy Inc $URG

Empery Asset Management LP acquired a new position in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 620,136 shares of the basic materials company’s stock, valued at approximately $843,385,000. Ur Energy comprises approximately 1.0% of Empery Asset Management LP’s holdings, making the stock its 14th biggest position. Empery Asset Management LP owned about 0.16% of Ur Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of URG. Gabelli Funds LLC acquired a new position in Ur Energy in the 3rd quarter valued at $36,000. CTC Alternative Strategies Ltd. acquired a new position in Ur Energy during the 1st quarter worth $31,000. TD Waterhouse Canada Inc. lifted its position in Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 19,700 shares during the last quarter. Earned Wealth Advisors LLC bought a new stake in Ur Energy during the first quarter valued at about $37,000. Finally, J.W. Cole Advisors Inc. grew its position in shares of Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 14,500 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Ur Energy Stock Performance

NYSEAMERICAN URG opened at $1.42 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. The firm has a market capitalization of $564.29 million, a price-to-earnings ratio of -6.45 and a beta of 0.95. The company’s fifty day moving average is $1.34 and its two-hundred day moving average is $1.52. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Equities research analysts forecast that Ur Energy Inc will post -0.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on URG. Roth Capital reiterated a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a research note on Tuesday, May 12th. Northland Securities set a $2.35 target price on Ur Energy in a research note on Tuesday, May 12th. Royal Bank Of Canada lowered 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. HC Wainwright dropped their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, Ur Energy presently has an average rating of “Buy” and an average price target of $2.32.

Ur Energy 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.