Azarias Capital Management L.P. Decreases Stake in Ur Energy Inc $URG

Key Points

• Azarias Capital Management L.P. has reduced its stake in Ur Energy Inc by 1.0%, now holding approximately 17.76 million shares, which represents about 4.87% of Ur Energy's total shares.
• Several hedge funds, including Wellington Management Group and AQR Capital Management, have significantly increased their stakes in Ur Energy during recent quarters, indicating growing institutional interest.
• Analysts have maintained a Buy rating on Ur Energy, with price targets ranging from $1.80 to $3.00, reflecting bullish sentiment surrounding the company's stock performance.

Azarias Capital Management L.P. lowered its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,764,624 shares of the basic materials company's stock after selling 181,184 shares during the quarter. Ur Energy makes up approximately 8.5% of Azarias Capital Management L.P.'s holdings, making the stock its 2nd biggest holding. Azarias Capital Management L.P. owned about 4.87% of Ur Energy worth $18,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in URG. Militia Capital Partners LP bought a new stake in Ur Energy during the 1st quarter worth about $40,000. Wellington Management Group LLP grew its stake in shares of Ur Energy by 51.3% during the first quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 25,786 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Ur Energy during the fourth quarter valued at approximately $54,000. AQR Capital Management LLC grew its stake in shares of Ur Energy by 382.9% during the first quarter. AQR Capital Management LLC now owns 130,294 shares of the basic materials company's stock valued at $88,000 after purchasing an additional 103,315 shares during the last quarter. Finally, Sprott Inc. boosted its position in Ur Energy by 18.5% in the 1st quarter. Sprott Inc. now owns 202,854 shares of the basic materials company's stock valued at $137,000 after buying an additional 31,710 shares during the last quarter. Institutional investors own 57.51% of the company's stock.

Wall Street Analyst Weigh In

URG has been the topic of a number of recent research reports. B. Riley increased their price objective on Ur Energy from $2.00 to $2.50 and gave the company a "buy" rating in a research report on Thursday, September 25th. Roth Capital raised their price target on Ur Energy from $1.60 to $1.80 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Finally, Maxim Group started coverage on Ur Energy in a report on Friday, July 25th. They issued a "buy" rating and a $3.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $2.44.

Ur Energy Stock Performance

URG stock opened at $1.73 on Friday. The business's fifty day moving average is $1.43 and its 200-day moving average is $1.07. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. The company has a market cap of $635.31 million, a P/E ratio of -10.18 and a beta of 0.96. Ur Energy Inc has a twelve month low of $0.55 and a twelve month high of $1.82.

Insider Activity at Ur Energy

In related news, CFO Roger L. Smith sold 252,087 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $1.68, for a total value of $423,506.16. Following the sale, the chief financial officer directly owned 632,175 shares in the company, valued at $1,062,054. This trade represents a 28.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Steven M. Hatten sold 198,618 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $1.34, for a total transaction of $266,148.12. Following the completion of the sale, the chief operating officer owned 324,775 shares in the company, valued at approximately $435,198.50. This trade represents a 37.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 664,619 shares of company stock worth $1,064,004 in the last ninety days. Company insiders own 1.86% of the company's stock.

Ur Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.

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