Intech Investment Management LLC Purchases New Shares in Ur-Energy Inc. (NYSEAMERICAN:URG)

Intech Investment Management LLC bought a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 60,933 shares of the basic materials company’s stock, valued at approximately $73,000.

Several other hedge funds and other institutional investors have also bought and sold shares of URG. Tidal Investments LLC purchased a new stake in Ur-Energy in the first quarter worth $65,000. Bank of New York Mellon Corp purchased a new position in Ur-Energy during the 2nd quarter valued at about $1,099,000. Azarias Capital Management L.P. grew its position in shares of Ur-Energy by 12.2% during the 2nd quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company’s stock valued at $22,918,000 after purchasing an additional 1,786,023 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Ur-Energy in the 2nd quarter valued at about $51,000. Finally, Rhumbline Advisers bought a new position in shares of Ur-Energy in the second quarter worth approximately $465,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Analyst Ratings Changes

URG has been the topic of a number of research reports. HC Wainwright lowered their price target on Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Roth Mkm reaffirmed a “buy” rating and set a $2.20 price objective (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd. Finally, B. Riley cut their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th.

Insiders Place Their Bets

In other Ur-Energy news, Director Gary C. Huber sold 97,628 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was 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 approximately $497,988.87. The trade was a 19.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Roger L. Smith sold 228,119 shares of Ur-Energy stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.20, for a total value of $273,742.80. Following 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 27.12 % decrease in their ownership of the stock. 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.

Ur-Energy Price Performance

URG stock opened at $1.26 on Monday. The company has a market cap of $458.77 million, a P/E ratio of -9.69 and a beta of 1.11. Ur-Energy Inc. has a twelve month low of $0.96 and a twelve month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $6.40 million during the quarter, compared to analysts’ expectations of $9.67 million. Equities research analysts forecast that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

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.