Bank of New York Mellon Corp Makes New $1.20 Million Investment in Ur Energy Inc $URG

Key Points

• Bank of New York Mellon acquired 879,411 Ur-Energy shares worth approximately $1.20 million, representing about 0.22% of the company. Institutional investors collectively own 57.51% of URG.
• Ur-Energy insiders sold 587,005 shares valued at roughly $838,000 over the past 90 days, including significant sales by directors John Cash and Gary C. Huber.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and a $2.32 price target, despite the company reporting a quarterly loss of $0.04 per share and negative profitability metrics.

Bank of New York Mellon Corp bought a new position in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 879,411 shares of the basic materials company's stock, valued at approximately $1,196,000. Bank of New York Mellon Corp owned approximately 0.22% of Ur Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in URG. CTC Alternative Strategies Ltd. purchased a new stake in Ur Energy during the 1st quarter valued at $31,000. Gabelli Funds LLC bought a new position in shares of Ur Energy during the third quarter valued at $36,000. Earned Wealth Advisors LLC bought a new position in shares of Ur Energy during the first quarter valued at $37,000. Envestnet Asset Management Inc. purchased a new stake in shares of Ur Energy during the second quarter valued at $38,000. Finally, J.W. Cole Advisors Inc. boosted its position in shares of 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 valued at $41,000 after buying an additional 14,500 shares during the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Insider Activity at Ur Energy

In other news, Director John Cash sold 77,751 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $1.41, for a total value of $109,628.91. Following the transaction, the director owned 696,264 shares of the company's stock, valued at $981,732.24. This trade represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary C. Huber sold 87,858 shares of Ur Energy stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the transaction, the director directly owned 558,016 shares in the company, valued at approximately $825,863.68. The trade was a 13.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 587,005 shares of company stock valued at $838,231 in the last ninety days. Corporate insiders own 1.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on URG shares. Royal Bank Of Canada reduced their price objective on Ur Energy from $1.75 to $1.60 and set an "outperform" rating for the company in a report on Monday, August 17th. HC Wainwright dropped their price target on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Finally, B. Riley Financial raised shares of Ur Energy to a "strong-buy" rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $2.32.

Ur Energy Stock Performance

URG opened at $1.38 on Thursday. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The company has a market cap of $548.40 million, a price-to-earnings ratio of -6.27 and a beta of 0.94. The company's 50 day moving average is $1.34 and its 200 day moving average is $1.50. Ur Energy Inc has a 12-month low of $1.12 and a 12-month high of $2.35.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last released 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 business had revenue of $14.37 million during the quarter, compared to the consensus estimate of $14.36 million. On average, equities research analysts predict that Ur Energy Inc will post -0.16 EPS for the current year.

About Ur Energy

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.

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