BlackRock Inc. Invests $38.94 Million in Ur Energy Inc $URG

Key Points

• BlackRock acquired 28.6 million Ur-Energy shares worth approximately $38.9 million, giving it a 7.2% stake. Institutional investors and hedge funds collectively own 57.51% of the company.
• Ur-Energy insiders sold 587,005 shares worth $838,231 over the past 90 days, including two directors who each reduced their holdings by more than 13% in August.
• Ur-Energy reported a quarterly loss of $0.04 per share, missing estimates, while revenue of $14.37 million was roughly in line with expectations. Despite the weak profitability, analysts maintain a consensus “Buy” rating with a $2.32 price target versus the stock’s $1.34 opening price.

BlackRock Inc. purchased a new stake in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 28,629,123 shares of the basic materials company's stock, valued at approximately $38,936,000. BlackRock Inc. owned about 7.20% of Ur Energy at the end of the most recent reporting period.

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

Insider Activity

In other Ur Energy news, Director Thomas H. Parker sold 87,858 shares of Ur Energy stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the sale, the director directly owned 580,884 shares in the company, valued at $859,708.32. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary C. Huber sold 87,858 shares of the business's stock in a transaction that occurred 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 represents a 13.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 587,005 shares of company stock valued at $838,231. 1.63% of the stock is currently owned by company insiders.

Ur Energy Stock Performance

URG opened at $1.34 on Wednesday. The company has a market capitalization of $532.50 million, a price-to-earnings ratio of -6.09 and a beta of 0.94. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. Ur Energy Inc has a 1-year low of $1.12 and a 1-year high of $2.35. The business has a 50 day moving average price of $1.33 and a two-hundred day moving average price of $1.51.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its quarterly earnings data 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). The firm had revenue of $14.37 million during the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. Research analysts predict that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective 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. B. Riley Financial raised shares of Ur Energy to a "strong-buy" rating in a research note on Thursday, May 14th. Roth Capital restated a "buy" rating and issued a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright decreased their price target on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a research note on Tuesday, August 11th. Finally, Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, Ur Energy currently has a consensus rating of "Buy" and a consensus price target of $2.32.

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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