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

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) shares 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.

Analyst Ratings Changes

Several research analysts have weighed in on URG shares. Roth Mkm restated a “buy” rating and issued a $2.20 price target (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd. HC Wainwright cut their price target 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 target price on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. One equities research 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. Based on data from MarketBeat, Ur-Energy currently has an average rating of “Moderate Buy” and an average target price of $2.30.

Ur-Energy Stock Up 2.3 %

The stock has a market cap of $492.69 million, a P/E ratio of -10.46 and a beta of 1.11.

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. As a group, research analysts forecast that Ur-Energy Inc. will post -0.13 EPS for the current year.

Insider Transactions at Ur-Energy

In related news, Director Gary C. Huber sold 97,628 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total value of $120,082.44. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Penne A. Goplerud sold 100,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.19, for a total value of $119,000.00. Following the completion of the transaction, the insider now owns 412,895 shares in the company, valued at approximately $491,345.05. The trade was a 19.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 605,480 shares of company stock valued at $726,708. 3.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ur-Energy

Several hedge funds have recently bought and sold shares of the stock. Xponance Inc. acquired a new position in shares of Ur-Energy in the second quarter worth about $25,000. FMR LLC lifted its position in Ur-Energy by 1,864.0% in the 3rd 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 during the last quarter. Principal Financial Group Inc. acquired a new stake in Ur-Energy in the 2nd quarter valued at approximately $51,000. Tidal Investments LLC bought a new position in Ur-Energy in the 1st quarter valued at about $65,000. Finally, Intech Investment Management LLC bought a new stake in Ur-Energy during the third quarter worth approximately $73,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

About Ur-Energy

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.