Alps Advisors Inc. Buys 4,628,176 Shares of Ur Energy Inc $URG

Alps Advisors Inc. boosted its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 11.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 43,829,022 shares of the basic materials company’s stock after purchasing an additional 4,628,176 shares during the period. Ur Energy accounts for approximately 0.4% of Alps Advisors Inc.’s portfolio, making the stock its 24th biggest position. Alps Advisors Inc. owned 0.12% of Ur Energy worth $60,922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Deutsche Bank AG bought a new stake in shares of Ur Energy in the 4th quarter worth $1,619,000. CenterBook Partners LP increased its holdings in shares of Ur Energy by 153.7% in the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock worth $14,819,000 after purchasing an additional 6,458,113 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Ur Energy in the 4th quarter worth $42,000. J.W. Cole Advisors Inc. increased its holdings in shares of Ur Energy by 96.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 14,500 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Ur Energy by 111.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,263,398 shares of the basic materials company’s stock worth $3,146,000 after purchasing an additional 1,191,046 shares in the last quarter. Institutional investors own 57.51% of the company’s stock.

Ur Energy Stock Performance

Shares of URG opened at $1.57 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. Ur Energy Inc has a one year low of $0.90 and a one year high of $2.35. The firm has a market capitalization of $623.81 million, a P/E ratio of -6.54 and a beta of 0.88. The business has a fifty day moving average of $1.66 and a 200 day moving average of $1.59.

Insider Activity at Ur Energy

In other news, VP Jade Walle acquired 107,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $1.39 per share, with a total value of $149,981.00. Following the completion of the acquisition, the vice president directly owned 251,900 shares of the company’s stock, valued at approximately $350,141. The trade was a 74.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Canaccord Genuity Group assumed coverage on Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 target price for the company. HC Wainwright reissued a “buy” rating and issued a $2.30 target price on shares of Ur Energy in a report on Monday, April 27th. Roth Mkm reissued a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. Northland Securities set a $2.35 target price on Ur Energy in a report on Tuesday, May 12th. Finally, B. Riley Financial raised Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently 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.