Empery Asset Management LP Takes $843.38 Million Position in Ur Energy Inc $URG

Empery Asset Management LP bought a new stake in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the second quarter, Holdings Channel reports. The institutional investor bought 620,136 shares of the basic materials company’s stock, valued at approximately $843,385,000. Ur Energy accounts for approximately 1.0% of Empery Asset Management LP’s portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. boosted its stake in Ur Energy by 96.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after buying an additional 14,500 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Ur Energy by 52.3% in the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock valued at $77,000 after buying an additional 14,755 shares during the period. Virtu Financial LLC raised its stake in shares of Ur Energy by 21.3% in the 3rd quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock valued at $191,000 after buying an additional 18,735 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after buying an additional 19,700 shares in the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of Ur Energy during the 3rd quarter worth about $36,000. 57.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on URG shares. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. Roth Capital restated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, HC Wainwright lowered their price objective on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Two investment 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, the stock has an average rating of “Buy” and a consensus target price of $2.32.

Ur Energy Stock Up 6.8%

Shares of NYSEAMERICAN URG opened at $1.42 on Friday. The stock has a market cap of $564.29 million, a PE ratio of -6.45 and a beta of 0.95. The business has a fifty day moving average of $1.34 and a two-hundred day moving average of $1.52. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.25 and a current ratio of 4.00.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued 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). Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. The firm had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. As a group, equities research analysts expect that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.

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.