Ur-Energy (NYSEAMERICAN:URG) Announces Quarterly Earnings Results

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) posted its quarterly earnings data on Wednesday. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02), reports. The business had revenue of $6.40 million for the quarter, compared to the consensus estimate of $9.67 million.

Ur-Energy Trading Down 2.9 %

Shares of NYSEAMERICAN URG traded down $0.04 during midday trading on Friday, hitting $1.17. 2,468,681 shares of the company traded hands, compared to its average volume of 3,640,291. Ur-Energy has a 12-month low of $0.96 and a 12-month high of $2.01.

Analyst Ratings Changes

A number of analysts have recently issued reports on URG shares. HC Wainwright dropped their price objective 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. B. Riley cut their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Roth Mkm reissued a “buy” rating and set a $2.20 price objective (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2.30.

Insider Buying and Selling at Ur-Energy

In related news, CFO Roger L. Smith sold 228,119 shares of Ur-Energy stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 613,061 shares in the company, valued at $735,673.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ur-Energy news, COO Steven M. Hatten sold 179,733 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $1.19, for a total transaction of $213,882.27. Following the completion of the transaction, the chief operating officer now owns 303,977 shares of the company’s stock, valued at approximately $361,732.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Roger L. Smith sold 228,119 shares of Ur-Energy stock in a transaction that occurred on Friday, September 20th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Ur-Energy

A number of hedge funds have recently bought and sold shares of the company. Fourth Sail Capital LP bought a new position in Ur-Energy in the 3rd quarter valued at approximately $20,840,000. 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 worth $11,406,000 after purchasing an additional 5,100,000 shares during the last quarter. 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 purchasing an additional 1,786,023 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Ur-Energy during the second quarter valued at $1,099,000. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in 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 buying an additional 517,800 shares in the last quarter. Institutional investors 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.