Toronto Dominion Bank Sells 464,241 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Toronto Dominion Bank lessened its stake in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 92.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,759 shares of the basic materials company’s stock after selling 464,241 shares during the period. Toronto Dominion Bank’s holdings in Ur-Energy were worth $50,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in URG. Goehring & Rozencwajg Associates LLC raised its position in Ur-Energy by 3.6% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after acquiring an additional 78,440 shares during the period. Cannon Global Investment Management LLC purchased a new position in Ur-Energy during the first quarter valued at $224,000. Azarias Capital Management L.P. lifted its position in Ur-Energy by 1.1% during the first quarter. Azarias Capital Management L.P. now owns 14,584,181 shares of the basic materials company’s stock valued at $23,335,000 after purchasing an additional 165,082 shares in the last quarter. Anthracite Investment Company Inc. bought a new stake in Ur-Energy during the first quarter valued at about $348,000. Finally, Vident Advisory LLC increased its position in Ur-Energy by 10.1% in the first quarter. Vident Advisory LLC now owns 2,625,640 shares of the basic materials company’s stock worth $4,201,000 after buying an additional 241,036 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur-Energy Trading Up 2.1 %

NYSEAMERICAN:URG opened at $1.22 on Wednesday. Ur-Energy Inc. has a 12 month low of $0.96 and a 12 month high of $2.01. The stock has a market capitalization of $440.16 million, a P/E ratio of -6.37 and a beta of 1.12.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data on Friday, August 9th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 65.47%. The business had revenue of $4.65 million during the quarter, compared to analyst estimates of $4.60 million. On average, equities research analysts anticipate that Ur-Energy Inc. will post -0.09 EPS for the current year.

Insider Activity

In related news, Director Gary C. Huber sold 97,628 shares of the company’s 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 transaction, the director now directly owns 404,869 shares in the company, valued at approximately $497,988.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Penne A. Goplerud sold 100,000 shares of Ur-Energy stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $1.19, for a total transaction of $119,000.00. Following the completion of the sale, the insider now owns 412,895 shares in the company, valued at approximately $491,345.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary C. Huber sold 97,628 shares of Ur-Energy stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $1.23, for a total transaction of $120,082.44. Following the sale, the director now directly owns 404,869 shares of the company’s stock, valued at approximately $497,988.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 605,480 shares of company stock valued at $726,708. 3.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

URG has been the subject of a number of recent analyst reports. B. Riley dropped their price target on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. HC Wainwright dropped their target price on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Ventum Cap Mkts raised Ur-Energy to a “strong-buy” rating in a report on Monday, July 8th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2.27.

Ur-Energy 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.