Empery Asset Management LP Makes New Investment in Ur Energy Inc $URG

Empery Asset Management LP acquired a new stake in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 620,136 shares of the basic materials company’s stock, valued at approximately $843,385. Ur Energy accounts for 0.0% of Empery Asset Management LP’s holdings, making the stock its 14th biggest holding. Empery Asset Management LP owned approximately 0.16% of Ur Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. grew its position in Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after purchasing an additional 4,628,176 shares during the last quarter. BlackRock Inc. bought a new position in shares of Ur Energy in the 2nd quarter valued at about $38,936,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ur Energy by 2.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,354,823 shares of the basic materials company’s stock worth $38,225,000 after buying an additional 497,280 shares in the last quarter. Van ECK Associates Corp bought a new position in Ur Energy during the 4th quarter worth approximately $28,361,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Ur Energy by 5.1% during the first quarter. The Manufacturers Life Insurance Company now owns 16,516,010 shares of the basic materials company’s stock worth $24,279,000 after purchasing an additional 803,571 shares during the last quarter. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur Energy Stock Performance

URG traded down $0.10 during trading hours on Friday, hitting $1.43. The stock had a trading volume of 3,757,098 shares, compared to its average volume of 9,451,984. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35. The company’s fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.52. The stock has a market cap of $566.28 million, a PE ratio of -6.48 and a beta of 0.95. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. Equities analysts anticipate that Ur Energy Inc will post -0.16 earnings per share for the current year.

Insider Activity at Ur Energy

In other news, Director Gary C. Huber 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 558,016 shares of the company’s stock, valued at $825,863.68. This trade represents a 13.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas H. Parker sold 87,858 shares of Ur Energy 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 sale, the director owned 580,884 shares in the company, valued at $859,708.32. This represents a 13.14% decrease in their position. 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 quarter. Company insiders own 1.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on URG. HC Wainwright lowered their price target on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Royal Bank Of Canada lowered their target price on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research note on Monday, August 17th. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Roth Capital restated a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, Northland Securities set a $2.35 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.