23,446,633 Shares in Ur Energy Inc $URG Acquired by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,446,633 shares of the basic materials company’s stock, valued at approximately $31,875,000. Van ECK Associates Corp owned 5.90% of Ur Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in URG. J.W. Cole Advisors Inc. increased its position in Ur Energy by 96.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 14,500 shares in the last quarter. Raymond James Financial Inc. grew its stake in Ur Energy by 52.3% during the third quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock worth $77,000 after buying an additional 14,755 shares during the period. Virtu Financial LLC increased its position in shares of Ur Energy by 21.3% in the third quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 18,735 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of Ur Energy in the 3rd quarter valued at $36,000. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of Ur Energy in the 1st quarter valued at $31,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ur Energy

In other Ur Energy news, Director John Cash sold 77,751 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.41, for a total value of $109,628.91. Following the sale, the director directly owned 696,264 shares of the company’s stock, valued at $981,732.24. This trade represents a 10.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Roger L. Smith sold 103,536 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.43, for a total value of $148,056.48. Following the completion of the sale, the chief financial officer owned 651,562 shares in the company, valued at $931,733.66. The trade was a 13.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 587,005 shares of company stock worth $838,231. 1.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

URG has been the subject of several recent research reports. Northland Securities set a $2.35 price target on Ur Energy in a report on Tuesday, May 12th. Roth Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. HC Wainwright dropped their target price on Ur Energy from $2.30 to $2.20 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Royal Bank Of Canada reduced their price target on Ur Energy from $1.75 to $1.60 and set an “outperform” rating on the stock in a research report on Monday, August 17th. Finally, B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a 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. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $2.32.

Ur Energy Price Performance

Shares of NYSEAMERICAN URG opened at $1.41 on Monday. The company has a current ratio of 4.00, a quick ratio of 3.25 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $560.32 million, a price-to-earnings ratio of -6.41 and a beta of 0.95. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35. The business has a 50 day simple moving average of $1.33 and a 200-day simple moving average of $1.51.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last released 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 business had revenue of $14.37 million during 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%. As a group, equities research analysts expect that Ur Energy Inc will post -0.16 earnings per share for the current year.

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.