Alps Advisors Inc. Raises Holdings in Ur Energy Inc (NYSEAMERICAN:URG)

Alps Advisors Inc. increased its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 21.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,898,293 shares of the basic materials company's stock after buying an additional 7,341,627 shares during the quarter. Alps Advisors Inc. owned about 11.23% of Ur Energy worth $27,570,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in URG. Bank of New York Mellon Corp boosted its holdings in shares of Ur Energy by 8.9% in the 4th quarter. Bank of New York Mellon Corp now owns 749,809 shares of the basic materials company's stock valued at $862,000 after purchasing an additional 61,391 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ur Energy by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 853,212 shares of the basic materials company's stock valued at $981,000 after purchasing an additional 41,792 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Ur Energy during the fourth quarter valued at about $38,000. Quantbot Technologies LP acquired a new stake in shares of Ur Energy during the fourth quarter valued at about $159,000. Finally, Vanguard Group Inc. boosted its stake in shares of Ur Energy by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 13,972,880 shares of the basic materials company's stock valued at $16,069,000 after purchasing an additional 768,541 shares in the last quarter. Institutional investors and hedge funds own 57.51% of the company's stock.

Ur Energy Stock Up 2.7%

Shares of NYSEAMERICAN:URG traded up $0.03 during mid-day trading on Friday, hitting $1.15. 5,261,830 shares of the company traded hands, compared to its average volume of 4,721,044. The stock has a market cap of $419.54 million, a P/E ratio of -8.85 and a beta of 0.96. The company has a current ratio of 4.83, a quick ratio of 3.70 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 12-month low of $0.55 and a 12-month high of $1.53. The stock has a 50-day moving average price of $0.91 and a two-hundred day moving average price of $0.97.

Analysts Set New Price Targets

A number of equities analysts recently commented on URG shares. Alliance Global Partners reaffirmed a "buy" rating on shares of Ur Energy in a research note on Tuesday, April 15th. HC Wainwright reiterated a "buy" rating and issued a $2.70 target price on shares of Ur Energy in a report on Tuesday, April 15th.

Ur Energy Company 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.