Goldman Sachs Group Inc. Has $485,000 Position in Ur Energy Inc $URG

Key Points

• Goldman Sachs Group Inc. has decreased its stake in Ur Energy Inc by 38.0%, reducing its ownership to 719,203 shares valued at approximately $485,000.
• Various institutional investors, including Jane Street Group LLC and Deutsche Bank AG, have recently adjusted their holdings in Ur Energy, contributing to a majority ownership of 57.51% by institutional investors.
• Analysts have shown optimism for Ur Energy, with B. Riley raising their price target to $2.50 and several others giving a "buy" rating, suggesting a consensus price target of $2.44.

Goldman Sachs Group Inc. cut its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 38.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 719,203 shares of the basic materials company's stock after selling 440,853 shares during the period. Goldman Sachs Group Inc. owned about 0.20% of Ur Energy worth $485,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in URG. Jane Street Group LLC increased its holdings in Ur Energy by 11.0% in the fourth quarter. Jane Street Group LLC now owns 370,318 shares of the basic materials company's stock worth $426,000 after buying an additional 36,830 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Ur Energy during the 4th quarter worth about $54,000. Bank of America Corp DE increased its holdings in shares of Ur Energy by 47.4% during the 4th quarter. Bank of America Corp DE now owns 283,684 shares of the basic materials company's stock valued at $326,000 after acquiring an additional 91,238 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Ur Energy by 82.8% in the 4th quarter. Deutsche Bank AG now owns 307,076 shares of the basic materials company's stock valued at $353,000 after acquiring an additional 139,103 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Ur Energy in the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Insider Buying and Selling

In other Ur Energy news, CFO Roger L. Smith sold 252,087 shares of the company's 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 completion of the sale, the chief financial officer owned 632,175 shares of the company's stock, valued at approximately $1,062,054. This represents a 28.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Company insiders own 1.86% of the company's stock.

Ur Energy Trading Up 7.4%

NYSEAMERICAN URG opened at $1.75 on Friday. Ur Energy Inc has a 12 month low of $0.55 and a 12 month high of $1.78. The stock has a 50-day simple moving average of $1.38 and a 200 day simple moving average of $1.03. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $642.65 million, a PE ratio of -10.29 and a beta of 0.98.

Analyst Ratings Changes

Several equities analysts have commented on URG shares. B. Riley increased their price target on Ur Energy from $2.00 to $2.50 and gave the company a "buy" rating in a report on Thursday. Roth Capital lifted their price objective on Ur Energy from $1.60 to $1.80 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Maxim Group started coverage on Ur Energy in a research report on Friday, July 25th. They set a "buy" rating and a $3.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ur Energy currently has an average rating of "Buy" and a consensus price target of $2.44.

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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