Azarias Capital Management L.P. Sells 345,851 Shares of Ur Energy Inc $URG

Azarias Capital Management L.P. lowered its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 2.5% in the first quarter, HoldingsChannel.com reports. The fund owned 13,604,304 shares of the basic materials company’s stock after selling 345,851 shares during the quarter. Ur Energy comprises about 9.1% of Azarias Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Azarias Capital Management L.P.’s holdings in Ur Energy were worth $20,270,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Simcoe Capital LLC acquired a new position in Ur Energy in the 4th quarter worth approximately $2,173,000. Themes Management Co LLC purchased a new position in Ur Energy during the 4th quarter worth approximately $568,000. CenterBook Partners LP lifted its stake in Ur Energy by 153.7% during the 4th quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company’s stock valued at $14,819,000 after acquiring an additional 6,458,113 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Ur Energy by 183.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 619,031 shares of the basic materials company’s stock valued at $860,000 after acquiring an additional 400,881 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new stake in Ur Energy during the 4th quarter valued at approximately $2,871,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Price Performance

NYSEAMERICAN:URG opened at $1.50 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The firm has a market cap of $596.00 million, a price-to-earnings ratio of -6.25 and a beta of 0.88. The company has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.60. Ur Energy Inc has a 1-year low of $0.97 and a 1-year high of $2.35.

Analysts Set New Price Targets

Several analysts have recently commented on URG shares. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. HC Wainwright reissued a “buy” rating and set a $2.30 target price on shares of Ur Energy in a report on Monday, April 27th. Roth Mkm restated a “buy” rating and set a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. Canaccord Genuity Group initiated coverage on shares of Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target on the stock. Finally, Northland Securities set a $2.35 price target on Ur Energy in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Ur Energy has a consensus rating of “Buy” and a consensus target price of $2.57.

About Ur Energy

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.