17,512,564 Shares in Ur-Energy Inc. (NYSEAMERICAN:URG) Bought by Fourth Sail Capital LP

Fourth Sail Capital LP bought a new stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the third quarter, HoldingsChannel reports. The fund bought 17,512,564 shares of the basic materials company’s stock, valued at approximately $20,840,000. Ur-Energy comprises about 5.2% of Fourth Sail Capital LP’s portfolio, making the stock its 9th largest position.

A number of other large investors have also added to or reduced their stakes in URG. Xponance Inc. purchased a new position in shares of Ur-Energy in the 2nd quarter worth about $25,000. Principal Financial Group Inc. purchased a new stake in shares of Ur-Energy in the 2nd quarter valued at $51,000. Tidal Investments LLC bought a new position in shares of Ur-Energy during the 1st quarter valued at $65,000. Ballentine Partners LLC raised its position in Ur-Energy by 235.6% in the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 47,922 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in Ur-Energy in the 2nd quarter worth $150,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur-Energy Stock Up 0.8 %

Shares of URG opened at $1.25 on Monday. Ur-Energy Inc. has a twelve month low of $0.96 and a twelve month high of $2.01. The company has a market cap of $452.84 million, a P/E ratio of -9.62 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $6.40 million during the quarter, compared to analysts’ expectations of $9.67 million. On average, sell-side analysts anticipate that Ur-Energy Inc. will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Penne A. Goplerud sold 100,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $1.19, for a total value of $119,000.00. Following the completion of the transaction, the insider now owns 412,895 shares of the company’s stock, valued at approximately $491,345.05. This represents a 19.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Steven M. Hatten sold 179,733 shares of Ur-Energy stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $1.19, for a total value of $213,882.27. Following the sale, the chief operating officer now directly owns 303,977 shares in the company, valued at $361,732.63. This trade represents a 37.16 % 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 valued at $726,708. 3.29% of the stock is owned by insiders.

Analyst Ratings Changes

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

Ur-Energy Company Profile

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.