53,882,901 Shares of Ur Energy Inc $URG Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors acquired a new 53.9 million-share stake in Ur-Energy, worth about $58.2 million and representing 13.51% of the company. Institutional investors collectively owned 57.51% of its shares.
• Ur-Energy’s latest reported quarter showed a loss of $0.04 per share, missing analyst expectations by $0.01; revenue of $14.37 million was approximately in line with forecasts.
• Analysts maintained a consensus “Buy” rating and a $2.23 price target, while lowering some individual targets. The stock was quoted at $0.74, well below its 52-week high of $2.15.

Alps Advisors Inc. bought a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,882,901 shares of the basic materials company's stock, valued at approximately $58,194,000. Alps Advisors Inc. owned 13.51% of Ur Energy at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CTC Alternative Strategies Ltd. purchased a new position in Ur Energy during the 1st quarter worth $31,000. AXQ Capital LP acquired a new stake in shares of Ur Energy in the second quarter worth approximately $31,000. Pacer Advisors Inc. lifted its position in shares of Ur Energy by 2.0% during the first quarter. Pacer Advisors Inc. now owns 1,220,144 shares of the basic materials company's stock worth $1,818,000 after purchasing an additional 24,386 shares during the last quarter. Earned Wealth Advisors LLC acquired a new position in shares of Ur Energy during the first quarter valued at $37,000. Finally, Legal & General Group Plc acquired a new stake in Ur Energy during the 2nd quarter valued at $50,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur Energy Stock Up 7.1%

Ur Energy stock opened at $0.74 on Friday. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. The firm has a market cap of $296.30 million, a price-to-earnings ratio of -3.38 and a beta of 1.21. Ur Energy Inc has a 52 week low of $0.68 and a 52 week high of $2.15. The business's 50-day moving average price is $1.06 and its 200 day moving average price is $1.42.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its quarterly earnings results on Monday, August 10th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. The company had revenue of $14.37 million for the quarter, compared to analysts' expectations of $14.36 million. As a group, sell-side analysts anticipate that Ur Energy Inc will post -0.16 earnings per share for the current year.

Insider Activity at Ur Energy

In related news, VP Jade Walle bought 96,556 shares of Ur Energy stock in a transaction that occurred on Thursday, September 24th. The stock was purchased at an average cost of $1.14 per share, with a total value of $110,073.84. Following the purchase, the vice president owned 424,037 shares in the company, valued at approximately $483,402.18. This trade represents a 29.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary C. Huber sold 87,858 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the transaction, the director directly owned 558,016 shares of the company's stock, valued at approximately $825,863.68. The trade was a 13.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 182,137 shares of company stock valued at $221,773 and sold 587,005 shares valued at $838,231. Corporate insiders own 1.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on URG. HC Wainwright decreased their price objective 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. B. Riley Financial decreased their price objective on Ur Energy from $2.50 to $2.00 and set a "buy" rating for the company in a report on Wednesday, October 28th. Finally, 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 research report on Monday, August 17th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $2.23.

Ur Energy Profile

Ur-Energy Inc is a uranium exploration, development, and production company focused on advancing domestic uranium resources in the United States. The company's activities include acquiring, evaluating, permitting, developing, and operating uranium properties, with an emphasis on in-situ recovery methods.

Ur-Energy's principal operating asset is the Lost Creek uranium project in Wyoming's Great Divide Basin. Lost Creek uses an in-situ recovery process, which extracts uranium from underground formations by circulating a solution through wells and processing the resulting uranium-bearing fluid at a central facility.

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