MetLife Investment Management LLC Buys 128,409 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

MetLife Investment Management LLC boosted its position in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 179.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,956 shares of the basic materials company’s stock after buying an additional 128,409 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Ur-Energy worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Xponance Inc. bought a new stake in Ur-Energy during the 2nd quarter valued at $25,000. FMR LLC boosted its stake in Ur-Energy by 1,864.0% in the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 28,016 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Ur-Energy during the second quarter valued at about $51,000. Tidal Investments LLC purchased a new stake in shares of Ur-Energy in the first quarter worth about $65,000. Finally, Intech Investment Management LLC purchased a new position in Ur-Energy during the third quarter valued at approximately $73,000. 57.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Roger L. Smith sold 228,119 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $1.20, for a total transaction of $273,742.80. Following the completion of the sale, the chief financial officer now directly owns 613,061 shares in the company, valued at approximately $735,673.20. The trade was a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Penne A. Goplerud sold 100,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $1.19, for a total value of $119,000.00. Following the completion of the transaction, the insider now directly owns 412,895 shares in the company, valued at approximately $491,345.05. This represents a 19.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 605,480 shares of company stock worth $726,708 in the last three months. Insiders own 3.29% of the company’s stock.

Ur-Energy Price Performance

NYSEAMERICAN:URG opened at $1.26 on Monday. The firm has a market cap of $458.77 million, a P/E ratio of -9.69 and a beta of 1.11. Ur-Energy Inc. has a 52 week low of $0.96 and a 52 week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $6.40 million for the quarter, compared to the consensus estimate of $9.67 million. Equities research analysts expect that Ur-Energy Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on URG shares. Roth Mkm restated a “buy” rating and set a $2.20 price target (up from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd. HC Wainwright dropped their price target on Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, B. Riley decreased their price objective on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th.

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.