Goehring & Rozencwajg Associates LLC Acquires 785,173 Shares of Ur Energy Inc $URG

Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 22.6% in the first quarter, Holdings Channel.com reports. The fund owned 4,253,094 shares of the basic materials company’s stock after acquiring an additional 785,173 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Ur Energy were worth $6,337,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of URG. Private Advisor Group LLC increased its stake in Ur Energy by 135.0% in the first quarter. Private Advisor Group LLC now owns 410,000 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 235,500 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Ur Energy during the first quarter worth $611,000. Banque Cantonale Vaudoise boosted its stake in shares of Ur Energy by 59.0% during the first quarter. Banque Cantonale Vaudoise now owns 471,828 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 175,000 shares during the period. SG Americas Securities LLC boosted its stake in shares of Ur Energy by 12.5% during the first quarter. SG Americas Securities LLC now owns 336,501 shares of the basic materials company’s stock valued at $501,000 after purchasing an additional 37,459 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Ur Energy by 324.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 247,275 shares of the basic materials company’s stock worth $344,000 after purchasing an additional 188,981 shares during the last quarter. Institutional investors own 57.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on URG. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Royal Bank Of Canada began coverage on shares of Ur Energy in a research note on Monday. They issued an “outperform” rating and a $1.75 target price on the stock. Northland Securities set a $2.35 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Roth Capital reaffirmed a “buy” rating and set a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $2.45.

Ur Energy Stock Down 1.5%

NYSEAMERICAN:URG opened at $1.32 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. Ur Energy Inc has a 1-year low of $1.12 and a 1-year high of $2.35. The company has a 50-day moving average of $1.55 and a 200 day moving average of $1.60. The firm has a market cap of $524.48 million, a PE ratio of -5.50 and a beta of 0.91.

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

About Ur Energy

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.