800,049 Shares in Ur Energy Inc $URG Purchased by Nuveen LLC

Nuveen LLC purchased a new stake in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 800,049 shares of the basic materials company’s stock, valued at approximately $539,000. Nuveen LLC owned approximately 0.22% of Ur Energy as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of Ur Energy by 178.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company’s stock valued at $40,000 after buying an additional 22,395 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Ur Energy in the fourth quarter valued at $54,000. Balyasny Asset Management L.P. purchased a new position in shares of Ur Energy in the fourth quarter valued at $57,000. Wellington Management Group LLP purchased a new position in shares of Ur Energy in the fourth quarter valued at $58,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Ur Energy in the fourth quarter valued at $86,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Wall Street Analysts Forecast Growth

URG has been the subject of a number of research analyst reports. Maxim Group initiated coverage on Ur Energy in a research report on Friday, July 25th. They issued a “buy” rating and a $3.00 price target for the company. B. Riley began coverage on Ur Energy in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $2.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $2.48.

Insider Transactions at Ur Energy

In other Ur Energy news, COO Steven M. Hatten sold 198,618 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $1.34, for a total value of $266,148.12. Following the sale, the chief operating officer directly owned 324,775 shares of the company’s stock, valued at approximately $435,198.50. This trade represents a 37.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.86% of the company’s stock.

Ur Energy Stock Down 0.6%

Shares of NYSEAMERICAN:URG opened at $1.55 on Friday. The stock’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $0.97. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 12-month low of $0.55 and a 12-month high of $1.62. The firm has a market cap of $565.49 million, a price-to-earnings ratio of -9.12 and a beta of 0.98.

Ur Energy Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.