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

The Manufacturers Life Insurance Company lifted its position in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,516,010 shares of the basic materials company’s stock after acquiring an additional 803,571 shares during the period. The Manufacturers Life Insurance Company owned 4.16% of Ur Energy worth $24,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of URG. Azarias Capital Management L.P. lifted its holdings in shares of Ur Energy by 3.3% during the fourth quarter. Azarias Capital Management L.P. now owns 13,950,155 shares of the basic materials company’s stock worth $19,391,000 after purchasing an additional 445,857 shares during the period. Segra Capital Management LLC raised its position in Ur Energy by 159,828.6% during the 1st quarter. Segra Capital Management LLC now owns 1,599,286 shares of the basic materials company’s stock worth $2,383,000 after buying an additional 1,598,286 shares during the last quarter. Goehring & Rozencwajg Associates LLC raised its position in Ur Energy by 22.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 4,253,094 shares of the basic materials company’s stock worth $6,337,000 after buying an additional 785,173 shares during the last quarter. Simcoe Capital LLC acquired a new stake in Ur Energy during the 4th quarter valued at approximately $2,173,000. Finally, HITE Hedge Asset Management LLC acquired a new position in Ur Energy during the fourth quarter valued at $2,871,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

Ur Energy Stock Performance

Shares of Ur Energy stock opened at $1.22 on Friday. The business’s 50 day moving average price is $1.44 and its 200 day moving average price is $1.57. The company has a market cap of $484.82 million, a price-to-earnings ratio of -5.08 and a beta of 0.91. 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 one year low of $1.12 and a one year high of $2.35.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on URG shares. Royal Bank Of Canada assumed coverage on Ur Energy in a research note on Monday, July 13th. They issued an “outperform” rating and a $1.75 target price on the stock. Roth Capital reissued a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright restated a “buy” rating and issued a $2.30 price objective on shares of Ur Energy in a research report on Monday, April 27th. Northland Securities set a $2.35 price objective on Ur Energy in a research report on Tuesday, May 12th. Finally, B. Riley Financial raised 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 issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $2.36.

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.