Fourth Sail Capital LP Has $8.29 Million Stake in Ur Energy Inc (NYSEAMERICAN:URG)

Key Points

• Fourth Sail Capital LP increased its holdings in Ur Energy Inc by 3.7%, owning approximately 12.3 million shares worth $8.29 million, making it the fund's 22nd largest investment.
• Multiple institutional investors have recently increased their stakes in Ur Energy, reflecting significant interest, with a reported 57.51% of the stock owned by institutional investors and hedge funds.
• Analysts have a generally favorable outlook on Ur Energy, with several brokerages assigning a "buy" rating and an average price target of $2.48 for the stock.

Fourth Sail Capital LP grew its stake in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,295,868 shares of the basic materials company's stock after buying an additional 439,074 shares during the period. Ur Energy accounts for 1.9% of Fourth Sail Capital LP's investment portfolio, making the stock its 22nd largest holding. Fourth Sail Capital LP owned about 3.38% of Ur Energy worth $8,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Ur Energy by 178.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock valued at $40,000 after buying an additional 22,395 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Ur Energy by 37.4% in the 4th quarter. Ameritas Investment Partners Inc. now owns 37,006 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 10,065 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Ur Energy in the 4th quarter valued at $54,000. Balyasny Asset Management L.P. purchased a new stake in Ur Energy in the 4th quarter valued at $57,000. Finally, Wellington Management Group LLP purchased a new stake in Ur Energy in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on URG shares. Maxim Group started coverage on shares of Ur Energy in a research report on Friday, July 25th. They issued a "buy" rating and a $3.00 price target for the company. Alliance Global Partners reiterated a "buy" rating on shares of Ur Energy in a research report on Tuesday, April 15th. B. Riley started coverage on shares of Ur Energy in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $2.00 price target for the company. Finally, HC Wainwright reiterated a "buy" rating and issued a $2.70 price target on shares of Ur Energy in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $2.48.

Ur Energy Price Performance

URG remained flat at $1.22 during trading on Friday. 3,169,203 shares of the company traded hands, compared to its average volume of 5,336,747. The company has a market cap of $445.09 million, a P/E ratio of -7.18 and a beta of 0.97. The stock has a fifty day moving average of $1.12 and a 200-day moving average of $0.96. The company has a current ratio of 3.36, a quick ratio of 3.70 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 1 year low of $0.55 and a 1 year high of $1.42.

About Ur Energy

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.