Ur Energy Inc $URG Stock Position Lifted by Segra Capital Management LLC

Segra Capital Management LLC boosted its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 159,828.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,599,286 shares of the basic materials company’s stock after acquiring an additional 1,598,286 shares during the period. Ur Energy accounts for about 1.0% of Segra Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Segra Capital Management LLC’s holdings in Ur Energy were worth $2,383,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TD Waterhouse Canada Inc. increased its stake in shares of Ur Energy by 378.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 19,700 shares in the last quarter. Gabelli Funds LLC purchased a new stake in Ur Energy in the 3rd quarter worth $36,000. Earned Wealth Advisors LLC bought a new stake in Ur Energy during the first quarter valued at about $37,000. Envestnet Asset Management Inc. purchased a new position in shares of Ur Energy in the second quarter valued at about $38,000. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 14,500 shares during the period. 57.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on URG. Royal Bank Of Canada assumed coverage on Ur Energy in a research note on Monday, July 13th. They set an “outperform” rating and a $1.75 target price on the stock. Canaccord Genuity Group assumed coverage on shares of Ur Energy in a research report on Thursday, April 2nd. They set a “buy” rating and a $3.25 target price for the company. HC Wainwright reiterated a “buy” rating and issued a $2.30 price target on shares of Ur Energy in a report on Monday, April 27th. Roth Capital reiterated a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.45.

Ur Energy Trading Down 1.6%

Shares of NYSEAMERICAN URG opened at $1.21 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44. The business’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.59. Ur Energy Inc has a fifty-two week low of $1.12 and a fifty-two week high of $2.35. The company has a market cap of $480.77 million, a price-to-earnings ratio of -5.04 and a beta of 0.91.

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

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.