MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Ur Energy Inc $URG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ur Energy Inc by 22.0%, owning approximately 24.3 million shares worth $16.5 million by the end of the last reporting period.
• The stock of Ur Energy currently trades at $1.48 with a market cap of $539.95 million, and analysts have set an average price target of $2.48 with several buy ratings.
• COO Steven M. Hatten sold 198,618 shares, resulting in a 37.95% decrease in his position, but company insiders still own 1.86% of the stock.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 22.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,265,195 shares of the basic materials company's stock after purchasing an additional 4,372,738 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 6.66% of Ur Energy worth $16,477,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased 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 purchasing an additional 22,395 shares during the period. Wellington Management Group LLP increased its holdings in shares of Ur Energy by 51.3% in the 1st quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 25,786 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Ur Energy in the 4th quarter valued at about $54,000. Balyasny Asset Management L.P. acquired a new position in shares of Ur Energy in the 4th quarter valued at about $57,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Ur Energy in the 4th quarter valued at about $86,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on URG shares. B. Riley started coverage on Ur Energy in a report on Wednesday, July 23rd. They issued a "buy" rating and a $2.00 price objective on the stock. Maxim Group started coverage on Ur Energy in a report on Friday, July 25th. They issued a "buy" rating and a $3.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, Ur Energy presently has an average rating of "Buy" and a consensus target price of $2.48.

Ur Energy Trading Down 1.4%

NYSEAMERICAN URG traded down $0.02 during trading hours on Friday, hitting $1.46. 4,917,999 shares of the company's stock were exchanged, compared to its average volume of 5,951,723. The stock has a 50-day simple moving average of $1.30 and a 200 day simple moving average of $0.99. Ur Energy Inc has a 1-year low of $0.55 and a 1-year high of $1.62. The firm has a market cap of $532.65 million, a price-to-earnings ratio of -8.59 and a beta of 0.98. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Ur Energy

In other news, COO Steven M. Hatten sold 198,618 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $1.34, for a total value of $266,148.12. Following the transaction, the chief operating officer owned 324,775 shares in the company, valued at $435,198.50. This trade represents a 37.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.86% of the stock is owned by corporate insiders.

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.