Y Intercept Hong Kong Ltd Acquires New Position in Ur Energy Inc $URG

Y Intercept Hong Kong Ltd acquired a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 410,349 shares of the basic materials company’s stock, valued at approximately $611,000.

A number of other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise boosted its holdings in Ur Energy by 59.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 471,828 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 175,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Ur Energy by 12.5% during the 1st quarter. SG Americas Securities LLC now owns 336,501 shares of the basic materials company’s stock worth $501,000 after buying an additional 37,459 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Ur Energy by 324.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 247,275 shares of the basic materials company’s stock worth $344,000 after buying an additional 188,981 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Ur Energy during the 4th quarter valued at approximately $1,662,000. Finally, Old West Investment Management LLC raised its position in shares of Ur Energy by 100.0% during the 4th quarter. Old West Investment Management LLC now owns 55,110 shares of the basic materials company’s stock valued at $77,000 after buying an additional 27,553 shares during the period. 57.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

URG has been the subject of several analyst reports. Royal Bank Of Canada initiated coverage on Ur Energy in a research report on Monday. They issued an “outperform” rating and a $1.75 price objective for the company. Northland Securities set a $2.35 target price on Ur Energy in a research report on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Canaccord Genuity Group assumed coverage on Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target on the stock. Finally, Roth Capital reiterated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2.45.

Ur Energy Price Performance

Ur Energy stock opened at $1.28 on Tuesday. The company’s 50 day simple moving average is $1.57 and its 200-day simple moving average is $1.60. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35. The company has a market capitalization of $508.58 million, a price-to-earnings ratio of -5.33 and a beta of 0.91.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings data on Friday, May 8th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The company had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $9.86 million. As a group, equities research analysts expect that Ur Energy Inc will post -0.13 earnings per share for the current year.

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.