Ur Energy (NYSEAMERICAN:URG) Director Thomas Parker Sells 87,858 Shares of Stock

Key Points

• Director Thomas Parker sold 87,858 Ur-Energy shares at an average price of $1.48, receiving approximately $130,030 and reducing his position by 13.14% to 580,884 shares.
• Ur-Energy’s latest quarter produced $14.37 million in revenue, in line with expectations, but its $0.04-per-share loss exceeded the expected $0.03 loss; analysts project a full-year loss of about $0.16 per share.
• The stock traded near $1.52, while analysts maintained a consensus “Buy” rating and an average $2.32 price target. However, broad insider selling and recent price-target reductions signal potential near-term caution.

Ur Energy Inc (NYSEAMERICAN:URG - Get Free Report) TSE: URE Director Thomas Parker sold 87,858 shares of the company's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the sale, the director owned 580,884 shares in the company, valued at $859,708.32. The trade was a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ur Energy Stock Performance

URG stock traded up $0.04 during trading on Wednesday, hitting $1.52. 7,553,089 shares of the company traded hands, compared to its average volume of 9,514,471. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35. The company has a market cap of $604.03 million, a PE ratio of -6.91 and a beta of 0.95. 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 (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The firm 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, equities analysts expect that Ur Energy Inc will post -0.16 earnings per share for the current fiscal year.

Ur Energy News Summary

Here are the key news stories impacting Ur Energy this week:

• Positive Sentiment: General Counsel David A. Ritchie bought 10,000 shares at an average price of $1.42, investing approximately $14,200 and establishing a direct position. The purchase may modestly improve investor sentiment. Insider buying report
• Positive Sentiment: Analyst sentiment remains favorable, with Ur-Energy carrying a consensus “Buy” rating and an average price target of approximately $2.32. However, recent target reductions by RBC and HC Wainwright indicate some caution.
• Positive Sentiment: Institutional ownership is substantial at about 57.5%, and several large investors, including BlackRock, VanEck Associates and Manufacturers Life, recently established positions. This may provide longer-term support for the uranium producer.
• Neutral Sentiment: The latest quarter showed revenue of $14.37 million, essentially matching expectations, but Ur-Energy reported a $0.04-per-share loss versus the expected $0.03 loss. Analysts anticipate a full-year loss of roughly $0.16 per share, so the company remains unprofitable.
• Negative Sentiment: Insiders reported approximately 411,000 shares of sales worth roughly $578,000. CFO Roger L. Smith sold 103,536 shares, while directors Robby Sai Kit Chang and John Cash sold 75,588 and 77,751 shares, respectively.
• Negative Sentiment: Director Kathy Walker sold 72,838 shares and COO Steven M. Hatten sold 81,576 shares. The transactions reduced their holdings by approximately 11% and 19%, respectively; Chang’s ownership fell nearly 44%. The volume and breadth of insider selling could create near-term pressure and outweigh the smaller legal counsel purchase. Insider selling report

Analyst Upgrades and Downgrades

URG has been the topic of several recent analyst reports. Roth Capital reissued a "buy" rating and set a $2.00 target price on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright reduced their price target on Ur Energy from $2.30 to $2.20 and set a "buy" rating for the company in a report on Tuesday, August 11th. Northland Securities set a $2.35 price target on Ur Energy in a research report on Tuesday, May 12th. Royal Bank Of Canada dropped their price objective on Ur Energy from $1.75 to $1.60 and set an "outperform" rating on the stock in a report on Monday, August 17th. Finally, B. Riley Financial upgraded Ur Energy to a "strong-buy" rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $2.32.

Institutional Investors Weigh In On Ur Energy

Several large investors have recently bought and sold shares of the company. CTC Alternative Strategies Ltd. purchased a new position in shares of Ur Energy in the first quarter valued at approximately $31,000. AXQ Capital LP purchased a new stake in shares of Ur Energy during the second quarter worth approximately $31,000. TD Waterhouse Canada Inc. raised its stake in Ur Energy by 378.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 19,700 shares during the last quarter. Gabelli Funds LLC acquired a new position in Ur Energy in the 3rd quarter valued at $36,000. Finally, Earned Wealth Advisors LLC purchased a new position in Ur Energy in the 1st quarter valued at $37,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

About Ur Energy

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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