Ur-Energy (NYSEAMERICAN:URG) Trading Up 8.1%

Ur-Energy Inc. (NYSEAMERICAN:URG - Get Free Report) TSE: URE's share price rose 8.1% during mid-day trading on Wednesday . The stock traded as high as $1.83 and last traded at $1.81. Approximately 3,306,801 shares changed hands during trading, an increase of 3% from the average daily volume of 3,220,016 shares. The stock had previously closed at $1.67.

Analysts Set New Price Targets

URG has been the topic of several analyst reports. Roth Mkm decreased their price target on shares of Ur-Energy from $2.40 to $2.20 and set a "buy" rating on the stock in a research note on Thursday, March 14th. HC Wainwright raised their target price on shares of Ur-Energy from $2.70 to $3.60 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Finally, B. Riley initiated coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They issued a "buy" rating and a $3.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2.76.

Ur-Energy Stock Performance

The stock has a market cap of $501.30 million, a price-to-earnings ratio of -14.83 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.02). The firm had revenue of $5.44 million for the quarter, compared to analysts' expectations of $5.10 million. Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%. As a group, research analysts predict that Ur-Energy Inc. will post -0.03 EPS for the current fiscal year.

Institutional Trading of Ur-Energy

A number of hedge funds have recently made changes to their positions in URG. Bank of New York Mellon Corp raised its stake in shares of Ur-Energy by 45.6% during the first quarter. Bank of New York Mellon Corp now owns 618,839 shares of the basic materials company's stock valued at $990,000 after purchasing an additional 193,783 shares during the period. MetLife Investment Management LLC increased its stake in shares of Ur-Energy by 57.0% in the first quarter. MetLife Investment Management LLC now owns 118,272 shares of the basic materials company's stock worth $189,000 after buying an additional 42,939 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Ur-Energy by 187.7% in the first quarter. Rhumbline Advisers now owns 432,499 shares of the basic materials company's stock worth $692,000 after buying an additional 282,194 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ur-Energy by 2.7% in the first quarter. BlackRock Inc. now owns 9,332,258 shares of the basic materials company's stock worth $14,932,000 after buying an additional 249,648 shares during the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Ur-Energy in the first quarter worth $95,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

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.