Ur-Energy Inc. (NYSEAMERICAN:URG) Stock Position Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 62.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,693 shares of the basic materials company’s stock after acquiring an additional 61,260 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ur-Energy were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its position in Ur-Energy by 1,864.0% during the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 28,016 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Ur-Energy by 16,425.3% in the third quarter. The Manufacturers Life Insurance Company now owns 17,650,333 shares of the basic materials company’s stock valued at $21,004,000 after buying an additional 17,543,525 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of Ur-Energy during the third quarter worth about $3,209,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Ur-Energy by 21.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 811,420 shares of the basic materials company’s stock worth $966,000 after acquiring an additional 141,766 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Ur-Energy in the 3rd quarter valued at about $73,000. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur-Energy Stock Down 4.5 %

Shares of URG opened at $1.17 on Wednesday. Ur-Energy Inc. has a one year low of $0.96 and a one year high of $2.01. The stock has a market capitalization of $424.18 million, a price-to-earnings ratio of -8.96 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $9.67 million. As a group, analysts anticipate that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Ur-Energy

In other news, CFO Roger L. Smith sold 228,119 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 613,061 shares in the company, valued at $735,673.20. This represents a 27.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Hatten sold 179,733 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $1.19, for a total transaction of $213,882.27. Following the transaction, the chief operating officer now owns 303,977 shares in the company, valued at $361,732.63. This represents a 37.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 605,480 shares of company stock valued at $726,708 in the last quarter. Company insiders own 3.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. B. Riley reduced their price target on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Roth Mkm reiterated a “buy” rating and issued a $2.20 target price (up previously from $1.90) on shares of Ur-Energy in a research report 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.