State Street Corp Buys 541,777 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

State Street Corp raised its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 19.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,383,899 shares of the basic materials company's stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Xponance Inc. acquired a new stake in shares of Ur-Energy during the second quarter worth $25,000. FMR LLC raised its position in shares of Ur-Energy by 1,864.0% in the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company's stock valued at $35,000 after buying an additional 28,016 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Ur-Energy during the 2nd quarter worth approximately $51,000. Intech Investment Management LLC acquired a new stake in shares of Ur-Energy during the 3rd quarter worth approximately $73,000. Finally, Ballentine Partners LLC boosted its position in shares of Ur-Energy by 235.6% during the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company's stock worth $81,000 after acquiring an additional 47,922 shares in the last quarter. 57.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Ur-Energy Stock Up 1.8 %

URG stock traded up $0.02 during midday trading on Tuesday, hitting $1.15. The stock had a trading volume of 2,361,202 shares, compared to its average volume of 3,675,785. Ur-Energy Inc. has a 1-year low of $0.96 and a 1-year high of $2.01. The firm has a market cap of $418.72 million, a price-to-earnings ratio of -8.85 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last released 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 for the quarter, compared to analyst estimates of $9.67 million. Research analysts expect that Ur-Energy Inc. will post -0.14 earnings per share for the current year.

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.