Charles Schwab Investment Management Inc. Purchases 141,766 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Charles Schwab Investment Management Inc. lifted its position in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 21.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 811,420 shares of the basic materials company’s stock after purchasing an additional 141,766 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.22% of Ur-Energy worth $966,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Xponance Inc. purchased a new stake in Ur-Energy during the second quarter valued at about $25,000. Principal Financial Group Inc. purchased a new stake in Ur-Energy during the 2nd quarter valued at about $51,000. Verity Asset Management Inc. grew its position in Ur-Energy by 21.8% during the 3rd quarter. Verity Asset Management Inc. now owns 261,074 shares of the basic materials company’s stock worth $311,000 after acquiring an additional 46,698 shares during the last quarter. Ballentine Partners LLC lifted its position in Ur-Energy by 235.6% in the third quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 47,922 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Ur-Energy during the third quarter valued at approximately $73,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ur-Energy

In related news, 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 sale, the director now owns 404,869 shares of the company’s stock, valued at approximately $497,988.87. This trade represents a 19.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Roger L. Smith sold 228,119 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.20, for a total transaction of $273,742.80. Following the transaction, the chief financial officer now owns 613,061 shares of the company’s stock, valued at $735,673.20. This represents a 27.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 605,480 shares of company stock valued at $726,708. 3.29% of the stock is owned by company insiders.

Ur-Energy Stock Down 4.5 %

Shares of Ur-Energy stock opened at $1.17 on Wednesday. Ur-Energy Inc. has a one year low of $0.96 and a one year high of $2.01. The stock has a market capitalization of $424.18 million, a price-to-earnings ratio of -8.96 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued 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 analyst estimates of $9.67 million. On average, sell-side analysts anticipate that Ur-Energy Inc. will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. 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. Roth Mkm reissued a “buy” rating and set a $2.20 price objective (up previously from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd.

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.