MMCAP International Inc. SPC Cuts Stock Position in Ur Energy Inc $URG

MMCAP International Inc. SPC decreased its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 57.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,849,280 shares of the basic materials company’s stock after selling 5,155,464 shares during the period. MMCAP International Inc. SPC owned 1.02% of Ur Energy worth $6,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in URG. Vanguard Personalized Indexing Management LLC increased its position in Ur Energy by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock valued at $36,000 after buying an additional 8,879 shares in the last quarter. Old West Investment Management LLC raised its position in shares of Ur Energy by 63.1% in the 3rd quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 10,660 shares during the last quarter. Bravias Capital Group LLC acquired a new stake in Ur Energy in the 3rd quarter worth approximately $27,000. Stratos Wealth Advisors LLC acquired a new position in Ur Energy during the 3rd quarter valued at approximately $32,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Ur Energy by 7.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 300,000 shares of the basic materials company’s stock worth $314,000 after buying an additional 20,000 shares during the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

URG has been the subject of a number of research analyst reports. HC Wainwright reduced their target price on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Northland Securities assumed coverage on Ur Energy in a research note on Monday, October 27th. They issued an “outperform” rating and a $2.15 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Ur Energy currently has a consensus rating of “Buy” and a consensus target price of $2.41.

Ur Energy Price Performance

Shares of URG opened at $1.62 on Monday. The business’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.53. The company has a market capitalization of $623.65 million, a P/E ratio of -7.36 and a beta of 0.82. Ur Energy Inc has a fifty-two week low of $0.55 and a fifty-two week high of $2.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.89 and a current ratio of 7.85.

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.