The Manufacturers Life Insurance Company Takes Position in Ur Energy Inc $URG

The Manufacturers Life Insurance Company acquired a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the second quarter, according to its most recent filing with the SEC. The fund acquired 16,619,368 shares of the basic materials company’s stock, valued at approximately $22,602,000. The Manufacturers Life Insurance Company owned 4.18% of Ur Energy as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in URG. Gabelli Funds LLC bought a new position in Ur Energy in the 3rd quarter worth about $36,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Ur Energy during the first quarter valued at about $31,000. Earned Wealth Advisors LLC purchased a new stake in shares of Ur Energy in the first quarter worth about $37,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after buying an additional 14,500 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Ur Energy in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Insider Buying and Selling at Ur Energy

In other news, Director Robby Sai Kit Chang sold 75,588 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.41, for a total value of $106,579.08. Following the transaction, the director owned 96,449 shares of the company’s stock, valued at $135,993.09. This represents a 43.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary C. Huber sold 87,858 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total transaction of $130,029.84. Following the completion of the transaction, the director directly owned 558,016 shares in the company, valued at $825,863.68. The trade was a 13.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 587,005 shares of company stock valued at $838,231 over the last quarter. Company insiders own 1.63% of the company’s stock.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $1.53 on Friday. The business’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.52. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35. The stock has a market cap of $608.01 million, a P/E ratio of -6.95 and a beta of 0.95. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last issued 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 business had revenue of $14.37 million for the quarter, compared to analysts’ expectations of $14.36 million. Ur Energy had a negative return on equity of 110.84% and a negative net margin of 252.75%. As a group, equities analysts predict that Ur Energy Inc will post -0.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on URG. HC Wainwright reduced their price objective on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Roth Capital reiterated a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Northland Securities set a $2.35 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Royal Bank Of Canada cut their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a report on Monday, August 17th. Finally, B. Riley Financial upgraded shares of 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $2.32.

Ur Energy 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.