Ballentine Partners LLC Buys 47,922 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Ballentine Partners LLC grew its stake in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 235.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,266 shares of the basic materials company’s stock after buying an additional 47,922 shares during the quarter. Ballentine Partners LLC’s holdings in Ur-Energy were worth $81,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of URG. Lloyd Harbor Capital Management LLC grew its stake in shares of Ur-Energy by 167.4% in the second quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company’s stock worth $11,406,000 after purchasing an additional 5,100,000 shares during the last quarter. Azarias Capital Management L.P. lifted its holdings in Ur-Energy by 12.2% in the second quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company’s stock worth $22,918,000 after buying an additional 1,786,023 shares during the period. Bank of New York Mellon Corp purchased a new stake in Ur-Energy in the second quarter worth about $1,099,000. Goehring & Rozencwajg Associates LLC lifted its holdings in Ur-Energy by 21.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock worth $4,104,000 after buying an additional 517,800 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in Ur-Energy by 153,746.2% in the first quarter. Toronto Dominion Bank now owns 500,000 shares of the basic materials company’s stock worth $800,000 after buying an additional 499,675 shares during the period. 57.51% of the stock is owned by institutional investors.

Ur-Energy Stock Down 0.4 %

Shares of NYSEAMERICAN URG opened at $1.30 on Thursday. Ur-Energy Inc. has a twelve month low of $0.96 and a twelve month high of $2.01. The company has a market capitalization of $469.14 million, a P/E ratio of -7.22 and a beta of 1.12.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its earnings results on Friday, August 9th. The basic materials company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $4.65 million during the quarter, compared to the consensus estimate of $4.60 million. Sell-side analysts expect that Ur-Energy Inc. will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have commented on URG shares. Ventum Cap Mkts upgraded shares of Ur-Energy to a “strong-buy” rating in a report on Monday, July 8th. HC Wainwright lowered their price objective 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. Roth Mkm restated a “buy” rating and issued a $2.20 price objective (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd. Finally, B. Riley lowered their price objective on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2.30.

Ur-Energy 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.