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

Wexford Capital LP increased its position 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 Form 13F filing 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 period. Wexford Capital LP owned about 0.18% of Ur-Energy worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of URG. Ameritas Investment Partners Inc. raised its holdings 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 valued at $43,000 after buying an additional 10,065 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 valued at $40,000 after buying an additional 22,395 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ur-Energy by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 147,268 shares of the basic materials company's stock valued at $175,000 after buying an additional 26,531 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Ur-Energy by 24.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 141,334 shares of the basic materials company's stock valued at $163,000 after buying an additional 27,596 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Ur-Energy in the fourth quarter valued at about $38,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

Ur-Energy Price Performance

Shares of URG traded up $0.16 on Friday, hitting $0.87. The company's stock had a trading volume of 15,348,196 shares, compared to its average volume of 4,176,835. The company has a 50 day moving average price of $0.71 and a 200 day moving average price of $1.01. Ur-Energy Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $1.84. The company has a market capitalization of $316.95 million, a PE ratio of -6.70 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on URG. Alliance Global Partners reaffirmed a "buy" rating on shares of Ur-Energy in a research report on Tuesday, April 15th. HC Wainwright reissued a "buy" rating and set a $2.70 target price on shares of Ur-Energy in a research report on Tuesday, April 15th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $2.30.

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.