Citigroup Inc. increased its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG – Free Report) TSE: URE by 707,496.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 566,077 shares of the basic materials company’s stock after buying an additional 565,997 shares during the quarter. Citigroup Inc. owned 0.21% of Ur-Energy worth $863,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Ur-Energy by 45.6% during the first quarter. Bank of New York Mellon Corp now owns 618,839 shares of the basic materials company’s stock valued at $990,000 after purchasing an additional 193,783 shares during the last quarter. MetLife Investment Management LLC boosted its position in Ur-Energy by 57.0% during the first quarter. MetLife Investment Management LLC now owns 118,272 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 42,939 shares during the last quarter. Rhumbline Advisers boosted its position in Ur-Energy by 187.7% during the first quarter. Rhumbline Advisers now owns 432,499 shares of the basic materials company’s stock valued at $692,000 after purchasing an additional 282,194 shares during the last quarter. BlackRock Inc. boosted its position in Ur-Energy by 2.7% during the first quarter. BlackRock Inc. now owns 9,332,258 shares of the basic materials company’s stock valued at $14,932,000 after purchasing an additional 249,648 shares during the last quarter. Finally, Cibc World Market Inc. acquired a new position in Ur-Energy during the first quarter valued at approximately $95,000. 43.96% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently commented on the company. B. Riley assumed coverage on Ur-Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $3.00 price target for the company. StockNews.com raised Ur-Energy to a “sell” rating in a research report on Sunday, December 3rd. Finally, Roth Mkm dropped their price target on Ur-Energy from $2.50 to $2.40 and set a “buy” rating on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ur-Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.59.
View Our Latest Stock Report on Ur-Energy
Insider Buying and Selling at Ur-Energy
In other Ur-Energy news, Director Gary C. Huber sold 50,527 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $1.55, for a total value of $78,316.85. Following the completion of the transaction, the director now owns 308,923 shares of the company’s stock, valued at $478,830.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 116,054 shares of company stock worth $183,078 over the last three months. Corporate insiders own 3.35% of the company’s stock.
Ur-Energy Stock Performance
Shares of URG opened at $1.59 on Friday. The company has a market capitalization of $430.73 million, a price-to-earnings ratio of -13.25 and a beta of 1.17. Ur-Energy Inc. has a twelve month low of $0.82 and a twelve month high of $2.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.71 and a quick ratio of 5.31.
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.
Further Reading
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