Intech Investment Management LLC Purchases Shares of 60,933 Ur-Energy Inc. (NYSEAMERICAN:URG)

Intech Investment Management LLC purchased a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,933 shares of the basic materials company’s stock, valued at approximately $73,000.

A number of other hedge funds have also recently bought and sold shares of URG. Fourth Sail Capital LP acquired a new position in shares of Ur-Energy in the third quarter valued at $20,840,000. Azarias Capital Management L.P. lifted its holdings in shares of Ur-Energy by 12.2% during the second 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. CQS US LLC increased its position in shares of Ur-Energy by 0.5% during the 2nd quarter. CQS US LLC now owns 12,223,939 shares of the basic materials company’s stock worth $17,114,000 after purchasing an additional 64,141 shares in the last quarter. Lloyd Harbor Capital Management LLC raised its stake in shares of Ur-Energy by 167.4% in the second quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company’s stock valued at $11,406,000 after acquiring an additional 5,100,000 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Ur-Energy by 21.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock worth $4,104,000 after acquiring an additional 517,800 shares in the last quarter. 57.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd. HC Wainwright lowered their price target on shares of Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, B. Riley decreased their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th.

Insider Transactions at Ur-Energy

In other Ur-Energy news, insider Penne A. Goplerud sold 100,000 shares of Ur-Energy stock in a transaction dated 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 directly owns 412,895 shares of the company’s stock, valued at approximately $491,345.05. The trade was a 19.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary C. Huber sold 97,628 shares of the company’s stock in a transaction 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 in the company, valued at $497,988.87. This trade represents a 19.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 605,480 shares of company stock valued at $726,708. 3.29% of the stock is owned by corporate insiders.

Ur-Energy Trading Down 3.1 %

Shares of URG stock opened at $1.26 on Monday. Ur-Energy Inc. has a 1 year low of $0.96 and a 1 year high of $2.01. The firm has a market capitalization of $458.77 million, a price-to-earnings ratio of -9.69 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $6.40 million during the quarter, compared to the consensus estimate of $9.67 million. Research analysts expect that Ur-Energy Inc. will post -0.14 EPS for the current year.

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.