Insider Selling: Ur-Energy Inc. (NYSEAMERICAN:URG) COO Sells $213,882.27 in Stock

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) COO Steven M. Hatten sold 179,733 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $1.19, for a total transaction of $213,882.27. Following the completion of the sale, the chief operating officer now directly owns 303,977 shares of the company’s stock, valued at $361,732.63. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ur-Energy Stock Down 0.8 %

Shares of URG stock opened at $1.23 on Thursday. The company has a market cap of $445.59 million, a PE ratio of -6.47 and a beta of 1.12. Ur-Energy Inc. has a 12-month low of $0.96 and a 12-month high of $2.01.

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, meeting the consensus estimate of ($0.03). Ur-Energy had a negative return on equity of 65.47% and a negative net margin of 173.40%. The firm had revenue of $4.65 million for the quarter, compared to analyst estimates of $4.60 million. Equities analysts forecast that Ur-Energy Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

URG has been the topic of a number of research analyst reports. HC Wainwright cut their target price on Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. 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. Finally, Ventum Cap Mkts raised Ur-Energy to a “strong-buy” rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2.27.

Institutional Investors Weigh In On Ur-Energy

Several institutional investors have recently added to or reduced their stakes in the business. Azarias Capital Management L.P. raised its holdings in 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 acquiring an additional 1,786,023 shares during the period. Toronto Dominion Bank grew its position in shares of 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 valued at $800,000 after purchasing an additional 499,675 shares in the last quarter. Goehring & Rozencwajg Associates LLC raised its stake in shares of Ur-Energy by 21.5% during the 2nd 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 period. Jump Financial LLC purchased a new stake in Ur-Energy during the 4th quarter worth about $109,000. Finally, Bank of New York Mellon Corp bought a new position in Ur-Energy in the 2nd quarter worth about $1,099,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

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.