Y Intercept Hong Kong Ltd Invests $611,000 in Ur Energy Inc $URG

Y Intercept Hong Kong Ltd bought a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 410,349 shares of the basic materials company’s stock, valued at approximately $611,000. Y Intercept Hong Kong Ltd owned approximately 0.10% of Ur Energy at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in URG. Alps Advisors Inc. increased its holdings in Ur Energy by 11.8% in the 4th quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company’s stock worth $60,922,000 after acquiring an additional 4,628,176 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ur Energy by 2.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,354,823 shares of the basic materials company’s stock valued at $38,225,000 after purchasing an additional 497,280 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Ur Energy during the fourth quarter worth about $28,361,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Ur Energy during the fourth quarter worth about $21,683,000. Finally, State Street Corp raised its position in shares of Ur Energy by 9.7% during the 4th quarter. State Street Corp now owns 15,467,792 shares of the basic materials company’s stock worth $21,500,000 after purchasing an additional 1,370,047 shares during the last quarter. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $1.28 on Tuesday. The company’s 50-day moving average price is $1.57 and its 200-day moving average price is $1.60. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. The company has a market cap of $508.58 million, a P/E ratio of -5.33 and a beta of 0.91. Ur Energy Inc has a twelve month low of $1.12 and a twelve month high of $2.35.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last posted its quarterly earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The business had revenue of $3.90 million for the quarter, compared to analyst estimates of $9.86 million. On average, sell-side analysts forecast that Ur Energy Inc will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

URG has been the topic of a number of research reports. Northland Securities set a $2.35 price target on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright reissued a “buy” rating and set a $2.30 target price on shares of Ur Energy in a report on Monday, April 27th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Canaccord Genuity Group initiated coverage on Ur Energy in a research report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 target price on the stock. Finally, Royal Bank Of Canada initiated coverage on Ur Energy in a research note on Monday. They issued an “outperform” rating and a $1.75 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2.45.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.