Ur-Energy (NYSEAMERICAN:URG) Shares Gap Up – Still a Buy?

Shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

URG has been the topic of a number of analyst reports. Roth Mkm reiterated a “buy” rating and issued a $2.20 price target (up from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd. HC Wainwright cut their target price on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, B. Riley decreased their price target 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 issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2.30.

Ur-Energy Trading Up 4.5 %

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued 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 analyst estimates of $9.67 million. Equities research analysts forecast that Ur-Energy Inc. will post -0.13 EPS for the current fiscal year.

Insider Transactions at Ur-Energy

In related news, COO Steven M. Hatten sold 179,733 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $1.19, for a total transaction of $213,882.27. Following the sale, the chief operating officer now owns 303,977 shares of the company’s stock, valued at $361,732.63. This represents a 37.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary C. Huber sold 97,628 shares of Ur-Energy stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total value of $120,082.44. Following the completion of the transaction, the director now directly owns 404,869 shares of the company’s stock, valued at $497,988.87. This represents a 19.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 605,480 shares of company stock worth $726,708. 3.29% of the stock is owned by insiders.

Hedge Funds Weigh In On Ur-Energy

A number of institutional investors have recently modified their holdings of the business. Xponance Inc. acquired a new stake in shares of Ur-Energy during the 2nd quarter valued at $25,000. FMR LLC boosted its stake in shares of Ur-Energy by 1,864.0% during the third quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 28,016 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Ur-Energy during the second quarter worth about $51,000. Tidal Investments LLC acquired a new position in shares of Ur-Energy in the first quarter valued at approximately $65,000. Finally, Intech Investment Management LLC acquired a new stake in Ur-Energy during the 3rd quarter worth approximately $73,000. Institutional investors and hedge funds 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.