The Manufacturers Life Insurance Company Makes New $150,000 Investment in Ur-Energy Inc. (NYSEAMERICAN:URG)

The Manufacturers Life Insurance Company bought a new stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 106,808 shares of the basic materials company’s stock, valued at approximately $150,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. acquired a new stake in shares of Ur-Energy during the 2nd quarter worth approximately $25,000. Principal Financial Group Inc. acquired a new stake in Ur-Energy during the second quarter worth $51,000. Tidal Investments LLC acquired a new stake in Ur-Energy during the first quarter worth $65,000. Cannon Global Investment Management LLC purchased a new stake in Ur-Energy in the first quarter valued at $224,000. Finally, Anthracite Investment Company Inc. acquired a new position in shares of Ur-Energy in the 1st quarter valued at $348,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on URG shares. HC Wainwright dropped their target price on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a report on Wednesday, August 14th. B. Riley dropped their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, Ventum Cap Mkts upgraded Ur-Energy to a “strong-buy” rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2.27.

Ur-Energy Price Performance

Shares of NYSEAMERICAN:URG opened at $1.33 on Friday. Ur-Energy Inc. has a one year low of $0.96 and a one year high of $2.01. The stock has a market capitalization of $481.82 million, a PE ratio of -7.39 and a beta of 1.12.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Friday, August 9th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $4.65 million for the quarter, compared to analysts’ expectations of $4.60 million. As a group, sell-side analysts predict that Ur-Energy Inc. will post -0.09 EPS for the current year.

Insider Activity at Ur-Energy

In other Ur-Energy news, CFO Roger L. Smith sold 228,119 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.20, for a total value of $273,742.80. Following the completion of the transaction, the chief financial officer now directly owns 613,061 shares in the company, valued at approximately $735,673.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ur-Energy news, Director Gary C. Huber sold 97,628 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total value of $120,082.44. Following the transaction, the director now directly owns 404,869 shares of the company’s stock, valued at $497,988.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Roger L. Smith sold 228,119 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $1.20, for a total value of $273,742.80. Following the completion of the transaction, the chief financial officer now owns 613,061 shares of the company’s stock, valued at approximately $735,673.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 605,480 shares of company stock valued at $726,708 over the last quarter. Insiders own 3.29% of the company’s stock.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.