Ur-Energy (NYSEAMERICAN:URG) Shares Gap Up – Here’s What Happened

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $1.33, but opened at $1.38. Ur-Energy shares last traded at $1.39, with a volume of 3,339,965 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on URG shares. HC Wainwright decreased their price objective on Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Roth Mkm reissued a “buy” rating and issued a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd. Finally, B. Riley reduced their target price on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.30.

Ur-Energy Price Performance

The firm has a market cap of $492.69 million, a PE ratio of -10.46 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $6.40 million for the quarter, compared to the consensus estimate of $9.67 million. On average, equities analysts anticipate that Ur-Energy Inc. will post -0.13 EPS for the current fiscal year.

Insider Activity

In other Ur-Energy news, insider Penne A. Goplerud sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $1.19, for a total transaction of $119,000.00. Following the transaction, the insider now owns 412,895 shares of the company’s stock, valued at $491,345.05. The trade was a 19.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary C. Huber sold 97,628 shares of the stock in a transaction dated 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 transaction, the director now directly owns 404,869 shares in the company, valued at $497,988.87. The trade was a 19.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 605,480 shares of company stock worth $726,708 in the last 90 days. Corporate insiders own 3.29% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of URG. Lloyd Harbor Capital Management LLC grew its stake in Ur-Energy by 167.4% during 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 period. Azarias Capital Management L.P. boosted its position 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 purchasing an additional 1,786,023 shares during the last quarter. Fourth Sail Capital LP bought a new stake in Ur-Energy in the third quarter worth about $20,840,000. Goehring & Rozencwajg Associates LLC lifted its stake 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 valued at $4,104,000 after purchasing an additional 517,800 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Ur-Energy in the 2nd quarter worth about $1,099,000. Institutional investors own 57.51% 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.