Verity Asset Management Inc. Raises Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Verity Asset Management Inc. lifted its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 21.8% in the third quarter, HoldingsChannel.com reports. The fund owned 261,074 shares of the basic materials company’s stock after acquiring an additional 46,698 shares during the period. Verity Asset Management Inc.’s holdings in Ur-Energy were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Anthracite Investment Company Inc. purchased a new stake in Ur-Energy in the first quarter worth $348,000. Vident Advisory LLC increased its position in Ur-Energy by 10.1% in the first quarter. Vident Advisory LLC now owns 2,625,640 shares of the basic materials company’s stock worth $4,201,000 after buying an additional 241,036 shares during the last quarter. Toronto Dominion Bank increased its position in Ur-Energy by 153,746.2% in the first quarter. Toronto Dominion Bank now owns 500,000 shares of the basic materials company’s stock worth $800,000 after buying an additional 499,675 shares during the last quarter. Tidal Investments LLC purchased a new stake in Ur-Energy in the first quarter worth $65,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Ur-Energy in the second quarter worth $1,099,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur-Energy Price Performance

NYSEAMERICAN:URG opened at $1.19 on Friday. Ur-Energy Inc. has a 52-week low of $0.96 and a 52-week high of $2.01. The firm has a market cap of $431.10 million, a P/E ratio of -9.15 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $9.67 million. Equities research analysts anticipate that Ur-Energy Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on URG. Roth Mkm reaffirmed a “buy” rating and issued a $2.20 price target (up from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd. HC Wainwright cut their price target on Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, B. Riley dropped their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2.30.

Insider Transactions at Ur-Energy

In other news, insider Penne A. Goplerud sold 100,000 shares of Ur-Energy stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.19, for a total value of $119,000.00. Following the transaction, the insider now owns 412,895 shares in the company, valued at approximately $491,345.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Penne A. Goplerud sold 100,000 shares of Ur-Energy stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.19, for a total value of $119,000.00. Following the transaction, the insider now owns 412,895 shares in the company, valued at approximately $491,345.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Hatten sold 179,733 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $1.19, for a total value of $213,882.27. Following the transaction, the chief operating officer now owns 303,977 shares in the company, valued at approximately $361,732.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 605,480 shares of company stock worth $726,708. Company insiders own 3.29% of the company’s stock.

About Ur-Energy

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.