Ur Energy (NYSEAMERICAN:URG) Director John Cash Sells 77,751 Shares

Key Points

• Director John Cash sold 77,751 Ur-Energy shares at an average price of $1.41, generating $109,628.91 and reducing his direct stake by 10.05% to 696,264 shares.
• Ur-Energy shares rose 3.5% to $1.48 in midday trading, while the company’s latest quarterly loss of $0.04 per share missed estimates by $0.01; revenue of $14.37 million was roughly in line with forecasts.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and a $2.32 price target. Institutional ownership stands at 57.51%, following significant second-quarter purchases by BlackRock, VanECK and Manufacturers Life Insurance.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE Director John Cash sold 77,751 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1.41, for a total transaction of $109,628.91. Following the sale, the director directly owned 696,264 shares of the company's stock, valued at $981,732.24. The trade was a 10.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ur Energy Stock Up 3.5%

Ur Energy stock traded up $0.05 during midday trading on Tuesday, reaching $1.48. The company's stock had a trading volume of 7,872,179 shares, compared to its average volume of 9,526,240. The stock's 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.52. 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 52-week low of $1.12 and a 52-week high of $2.35. The stock has a market capitalization of $588.14 million, a P/E ratio of -6.73 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last posted its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The company had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. On average, sell-side analysts expect that Ur Energy Inc will post -0.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on URG. HC Wainwright cut their target price on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada dropped their price target on shares of Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a research report on Monday, August 17th. Roth Capital reaffirmed a "buy" rating and issued a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Northland Securities set a $2.35 price objective on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, B. Riley Financial upgraded Ur Energy to a "strong-buy" rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, Ur Energy presently has a consensus rating of "Buy" and a consensus price target of $2.32.

Hedge Funds Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently made changes to their positions in URG. BlackRock Inc. acquired a new stake in Ur Energy during the 2nd quarter worth $38,936,000. Van ECK Associates Corp purchased a new stake in shares of Ur Energy during the second quarter worth $31,875,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Ur Energy in the second quarter valued at about $22,602,000. CenterBook Partners LP lifted its stake in shares of Ur Energy by 153.7% in the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company's stock worth $14,819,000 after buying an additional 6,458,113 shares in the last quarter. Finally, Alps Advisors Inc. lifted its stake in shares of Ur Energy by 11.8% in the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company's stock worth $60,922,000 after buying an additional 4,628,176 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Company Profile

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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