Wexford Capital LP Purchases 494,677 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Wexford Capital LP grew its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 297.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 661,123 shares of the basic materials company's stock after acquiring an additional 494,677 shares during the quarter. Wexford Capital LP owned 0.18% of Ur-Energy worth $760,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cibc World Markets Corp acquired a new position in Ur-Energy during the fourth quarter worth about $38,000. Tower Research Capital LLC TRC raised its stake in Ur-Energy by 178.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock worth $40,000 after acquiring an additional 22,395 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Ur-Energy by 37.4% during the fourth quarter. Ameritas Investment Partners Inc. now owns 37,006 shares of the basic materials company's stock worth $43,000 after acquiring an additional 10,065 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Ur-Energy in the fourth quarter valued at approximately $54,000. Finally, Balyasny Asset Management L.P. bought a new position in Ur-Energy in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and issued a $2.70 price objective on shares of Ur-Energy in a report on Tuesday, April 15th. Alliance Global Partners reiterated a "buy" rating on shares of Ur-Energy in a report on Tuesday, April 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $2.30.

Ur-Energy Stock Up 1.1%

NYSEAMERICAN:URG traded up $0.01 during trading hours on Wednesday, hitting $0.71. 2,056,882 shares of the company traded hands, compared to its average volume of 4,135,152. The firm's 50-day simple moving average is $0.71 and its 200-day simple moving average is $1.02. Ur-Energy Inc. has a one year low of $0.55 and a one year high of $1.84. The company has a market cap of $259.57 million, a PE ratio of -5.48 and a beta of 1.10.

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.