Barclays PLC Cuts Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Barclays PLC lessened its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 67.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 524,866 shares of the basic materials company's stock after selling 1,095,965 shares during the quarter. Barclays PLC owned about 0.14% of Ur-Energy worth $625,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Ur-Energy in the second quarter valued at $1,099,000. Principal Financial Group Inc. purchased a new stake in Ur-Energy during the 2nd quarter worth about $51,000. Rhumbline Advisers acquired a new stake in Ur-Energy in the 2nd quarter valued at about $465,000. CQS US LLC boosted its stake in shares of Ur-Energy by 0.5% in the 2nd quarter. CQS US LLC now owns 12,223,939 shares of the basic materials company's stock valued at $17,114,000 after buying an additional 64,141 shares during the period. Finally, Goehring & Rozencwajg Associates LLC grew its position in shares of Ur-Energy by 21.5% during 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 buying an additional 517,800 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Analyst Ratings Changes

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

Ur-Energy Price Performance

NYSEAMERICAN:URG traded up $0.11 during trading hours on Thursday, reaching $1.26. 4,389,594 shares of the company's stock were exchanged, 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 stock has a market cap of $458.77 million, a P/E ratio of -9.69 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $6.40 million during the quarter, compared to analyst estimates of $9.67 million. Sell-side analysts expect that Ur-Energy Inc. will post -0.14 EPS for the current fiscal 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.