State Street Corp Raises Holdings in Ur-Energy Inc. (NYSEAMERICAN:URG)

State Street Corp lifted its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,383,899 shares of the basic materials company’s stock after buying an additional 541,777 shares during the quarter. State Street Corp owned approximately 0.93% of Ur-Energy worth $4,027,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in URG. Bank of New York Mellon Corp purchased a new stake in shares of Ur-Energy during the 2nd quarter worth $1,099,000. Principal Financial Group Inc. bought a new position in Ur-Energy in the second quarter worth about $51,000. Rhumbline Advisers purchased a new stake in shares of Ur-Energy during the second quarter valued at about $465,000. CQS US LLC boosted its holdings in shares of Ur-Energy by 0.5% in the 2nd quarter. CQS US LLC now owns 12,223,939 shares of the basic materials company’s stock valued at $17,114,000 after buying an additional 64,141 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in shares of Ur-Energy by 21.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock worth $4,104,000 after buying an additional 517,800 shares during the last quarter. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur-Energy Price Performance

Shares of NYSEAMERICAN URG opened at $1.13 on Tuesday. The stock has a market capitalization of $411.43 million, a price-to-earnings ratio of -8.69 and a beta of 1.11. Ur-Energy Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $6.40 million during the quarter, compared to analysts’ expectations of $9.67 million. On average, equities analysts anticipate that Ur-Energy Inc. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm restated a “buy” rating and issued a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd.

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.