Ur Energy Inc $URG Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in Ur Energy Inc (NYSEAMERICAN:URGFree Report) (TSE:URE) by 5.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,516,010 shares of the basic materials company’s stock after purchasing an additional 803,571 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ur Energy were worth $24,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. raised its position in shares of Ur Energy by 378.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after buying an additional 19,700 shares during the period. Gabelli Funds LLC acquired a new position in Ur Energy in the third quarter valued at approximately $36,000. Earned Wealth Advisors LLC purchased a new position in Ur Energy in the first quarter worth approximately $37,000. Envestnet Asset Management Inc. purchased a new position in Ur Energy in the second quarter worth approximately $38,000. Finally, J.W. Cole Advisors Inc. raised its position in Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 14,500 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on URG. Royal Bank Of Canada started coverage on Ur Energy in a research note on Monday, July 13th. They issued an “outperform” rating and a $1.75 price target on the stock. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 target price on shares of Ur Energy in a research note on Tuesday, May 12th. Roth Capital reiterated a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. Finally, HC Wainwright reiterated a “buy” rating and set a $2.30 price target on shares of Ur Energy in a research report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, Ur Energy presently has an average rating of “Buy” and a consensus target price of $2.36.

Get Our Latest Analysis on Ur Energy

Ur Energy Stock Down 2.4%

NYSEAMERICAN:URG opened at $1.22 on Friday. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. The stock’s fifty day moving average is $1.44 and its two-hundred day moving average is $1.57. Ur Energy Inc has a 52 week low of $1.12 and a 52 week high of $2.35. The stock has a market capitalization of $484.82 million, a price-to-earnings ratio of -5.08 and a beta of 0.91.

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

About Ur Energy

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding URG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ur Energy Inc (NYSEAMERICAN:URGFree Report) (TSE:URE).

Institutional Ownership by Quarter for Ur Energy (NYSEAMERICAN:URG)

Receive News & Ratings for Ur Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ur Energy and related companies with MarketBeat.com's FREE daily email newsletter.