Geode Capital Management LLC grew its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,886,655 shares of the basic materials company's stock after buying an additional 695,487 shares during the quarter. Geode Capital Management LLC owned 1.07% of Ur-Energy worth $4,625,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Xponance Inc. bought a new position in Ur-Energy during the 2nd quarter valued at $25,000. FMR LLC lifted its position in shares of Ur-Energy by 1,864.0% during the third 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 in the last quarter. Principal Financial Group Inc. purchased a new position in Ur-Energy during the second quarter worth about $51,000. Intech Investment Management LLC bought a new stake in Ur-Energy in the 3rd quarter worth about $73,000. Finally, Ballentine Partners LLC increased its stake in Ur-Energy by 235.6% in the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company's stock valued at $81,000 after buying an additional 47,922 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors and hedge funds.
Ur-Energy Stock Performance
Shares of URG stock traded down $0.03 on Monday, reaching $1.18. The company's stock had a trading volume of 3,006,988 shares, compared to its average volume of 3,810,031. The company has a market capitalization of $429.64 million, a PE ratio of -9.08 and a beta of 1.11. Ur-Energy Inc. has a 12-month low of $0.96 and a 12-month high of $2.01.
Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its 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 company had revenue of $6.40 million during the quarter, compared to analysts' expectations of $9.67 million. On average, sell-side analysts forecast that Ur-Energy Inc. will post -0.14 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm reiterated a "buy" rating and set a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd.
View Our Latest Report on URG
About Ur-Energy
(
Free Report)
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.
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