Alps Advisors Inc. Grows Stock Holdings in Ur Energy Inc $URG

Alps Advisors Inc. boosted its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 1.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 39,200,846 shares of the basic materials company’s stock after purchasing an additional 624,842 shares during the quarter. Ur Energy comprises 0.4% of Alps Advisors Inc.’s portfolio, making the stock its 25th biggest holding. Alps Advisors Inc. owned approximately 0.10% of Ur Energy worth $70,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bravias Capital Group LLC purchased a new stake in shares of Ur Energy during the 3rd quarter worth approximately $27,000. Old West Investment Management LLC raised its holdings in Ur Energy by 63.1% during the third quarter. Old West Investment Management LLC now owns 27,557 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 10,660 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Ur Energy by 35.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 8,879 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Ur Energy during the second quarter worth $38,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Ur Energy in the second quarter valued at $38,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ur Energy

In other news, VP Jade Walle purchased 144,000 shares of the stock in a transaction dated Thursday, November 20th. The stock was acquired at an average cost of $1.27 per share, for a total transaction of $182,880.00. Following the completion of the acquisition, the vice president directly owned 144,000 shares in the company, valued at $182,880. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Penne A. Goplerud sold 226,630 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $1.29, for a total transaction of $292,352.70. Following the completion of the transaction, the insider directly owned 430,608 shares of the company’s stock, valued at approximately $555,484.32. This represents a 34.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 515,933 shares of company stock worth $661,768 over the last three months. Company insiders own 1.86% of the company’s stock.

Ur Energy Stock Up 3.9%

URG opened at $1.59 on Friday. The firm has a market cap of $601.29 million, a P/E ratio of -7.23 and a beta of 0.82. The business’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $1.50. Ur Energy Inc has a 52 week low of $0.55 and a 52 week high of $2.35. The company has a quick ratio of 5.89, a current ratio of 7.85 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on URG. HC Wainwright cut their price target on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Northland Securities started coverage on shares of Ur Energy in a report on Monday, October 27th. They set an “outperform” rating and a $2.15 target price for the company. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, Ur Energy has an average rating of “Buy” and a consensus price target of $2.41.

Ur Energy 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.