Simcoe Capital LLC Invests $2.17 Million in Ur Energy Inc $URG

Simcoe Capital LLC bought a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,563,258 shares of the basic materials company’s stock, valued at approximately $2,173,000. Ur Energy comprises approximately 2.0% of Simcoe Capital LLC’s portfolio, making the stock its 27th biggest holding. Simcoe Capital LLC owned 0.41% of Ur Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Advisors LLC purchased a new stake in shares of Ur Energy during the third quarter worth about $32,000. TD Waterhouse Canada Inc. increased its position in shares of Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 19,700 shares during the last quarter. Gabelli Funds LLC purchased a new stake in shares of Ur Energy during the third quarter worth about $36,000. Envestnet Asset Management Inc. purchased a new stake in shares of Ur Energy during the second quarter worth about $38,000. Finally, Creative Planning bought a new stake in Ur Energy in the second quarter valued at about $47,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Jade Walle acquired 107,900 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the transaction, the vice president owned 251,900 shares of the company’s stock, valued at approximately $350,141. The trade was a 74.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on URG shares. HC Wainwright reissued a “buy” rating and issued a $2.30 price objective on shares of Ur Energy in a report on Monday, April 27th. Roth Mkm reissued a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a report on Tuesday. Northland Securities set a $2.35 price objective on Ur Energy in a report on Tuesday. Finally, Canaccord Genuity Group began coverage on Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective for the company. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2.57.

Ur Energy Stock Performance

URG opened at $1.94 on Wednesday. The company has a market capitalization of $770.82 million, a price-to-earnings ratio of -8.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 4.56. Ur Energy Inc has a 1-year low of $0.67 and a 1-year high of $2.35. The business has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $1.55.

Ur Energy 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.