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

Geode Capital Management LLC raised its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 21.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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’s holdings in Ur-Energy were worth $4,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. bought a new stake in shares of Ur-Energy in the 2nd quarter valued at approximately $25,000. FMR LLC increased its position in 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 acquiring an additional 28,016 shares during the period. Principal Financial Group Inc. acquired a new stake in Ur-Energy in the second quarter worth about $51,000. Intech Investment Management LLC bought a new stake in Ur-Energy during the third quarter worth approximately $73,000. Finally, Ballentine Partners LLC lifted its position in Ur-Energy by 235.6% in the third quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 47,922 shares during the period. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur-Energy Stock Down 4.0 %

Shares of Ur-Energy stock opened at $1.21 on Monday. The firm has a market capitalization of $440.56 million, a PE ratio of -9.31 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) (TSE:URE) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $6.40 million for the quarter, compared to analyst estimates of $9.67 million. As a group, analysts predict that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Ur-Energy

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.