HITE Hedge Asset Management LLC purchased a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG – Free Report) (TSE:URE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,065,501 shares of the basic materials company’s stock, valued at approximately $2,871,000.
A number of other institutional investors have also recently bought and sold shares of the business. J.W. Cole Advisors Inc. boosted its stake in Ur Energy by 96.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after buying an additional 14,500 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Ur Energy by 52.3% during the third quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock worth $77,000 after buying an additional 14,755 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in Ur Energy during the third quarter worth $32,000. Virtu Financial LLC boosted its stake in Ur Energy by 21.3% during the third quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock worth $191,000 after buying an additional 18,735 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in 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 buying an additional 19,700 shares in the last quarter. Institutional investors and hedge funds own 57.51% of the company’s stock.
Insider Activity at Ur Energy
In other news, VP Jade Walle bought 107,900 shares of Ur Energy stock in a transaction dated Wednesday, March 18th. The shares were bought at an average price of $1.39 per share, for a total transaction of $149,981.00. Following the purchase, the vice president owned 251,900 shares of the company’s stock, valued at approximately $350,141. This trade represents a 74.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.63% of the company’s stock.
Ur Energy Price Performance
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. HC Wainwright reiterated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research note on Monday, April 27th. Canaccord Genuity Group assumed coverage on shares of Ur Energy in a research note on Thursday, April 2nd. They set a “buy” rating and a $3.25 price target on the stock. B. Riley Financial upgraded shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Roth Mkm reiterated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Finally, Northland Securities set a $2.35 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, Ur Energy has a consensus rating of “Buy” and an average target price of $2.57.
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.
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