Geode Capital Management LLC Boosts Stock Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Geode Capital Management LLC grew its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,886,655 shares of the basic materials company’s stock after purchasing an additional 695,487 shares during the quarter. Geode Capital Management LLC owned approximately 1.07% of Ur-Energy worth $4,625,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Segra Capital Management LLC lifted its holdings in shares of Ur-Energy by 47.2% during the third quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company’s stock worth $25,067,000 after purchasing an additional 6,718,094 shares during the period. Fourth Sail Capital LP purchased a new stake in shares of Ur-Energy during the 3rd quarter worth approximately $20,840,000. Lloyd Harbor Capital Management LLC increased its position in shares of Ur-Energy by 167.4% in the second quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company’s stock valued at $11,406,000 after buying an additional 5,100,000 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Ur-Energy by 62.9% in the third quarter. BNP Paribas Financial Markets now owns 158,693 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 61,260 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in shares of Ur-Energy by 21.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company’s stock worth $4,104,000 after acquiring an additional 517,800 shares during the last quarter. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ur-Energy Stock Performance

Shares of URG stock opened at $1.21 on Monday. The company has a market cap of $440.56 million, a price-to-earnings ratio of -9.31 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 posted its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $6.40 million during the quarter, compared to analyst estimates of $9.67 million. As a group, equities research analysts anticipate that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Ur-Energy Company 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.