Tejara Capital Ltd Invests $505,000 in Ur Energy Inc $URG

Key Points

• Tejara Capital Ltd acquired 749,528 shares of Ur Energy Inc, valued at approximately $505,000, making it a new institutional investor in the company.
• Several institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their stakes in Ur Energy, leading to 57.51% of the stock being owned by institutional investors.
• Ur Energy has a consensus rating of "Buy" from analysts, with an average price target of $2.48, significantly above its current trading price of $1.20.

Tejara Capital Ltd purchased a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 749,528 shares of the basic materials company's stock, valued at approximately $505,000. Tejara Capital Ltd owned 0.21% of Ur Energy at the end of the most recent reporting period.

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

Ur Energy Trading Down 1.7%

Ur Energy stock traded down $0.02 during midday trading on Friday, hitting $1.18. 1,343,926 shares of the stock were exchanged, compared to its average volume of 4,018,896. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 52 week low of $0.55 and a 52 week high of $1.42. The company has a fifty day simple moving average of $1.16 and a two-hundred day simple moving average of $0.95. The stock has a market capitalization of $430.50 million, a PE ratio of -6.94 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on URG. Maxim Group began coverage on shares of Ur Energy in a research note on Friday, July 25th. They set a "buy" rating and a $3.00 price objective on the stock. B. Riley began coverage on shares of Ur Energy in a research note on Wednesday, July 23rd. They set a "buy" rating and a $2.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $2.48.

Ur Energy 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.