Azarias Capital Management L.P. Purchases 1,686,286 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Azarias Capital Management L.P. grew its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,419,099 shares of the basic materials company's stock after buying an additional 1,686,286 shares during the quarter. Ur-Energy accounts for 9.9% of Azarias Capital Management L.P.'s investment portfolio, making the stock its largest holding. Azarias Capital Management L.P. owned 5.32% of Ur-Energy worth $22,205,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of Ur-Energy by 707,496.3% in the third quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company's stock valued at $863,000 after buying an additional 565,997 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Ur-Energy by 20.5% during the 3rd quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company's stock worth $28,258,000 after purchasing an additional 3,118,647 shares during the period. Shell Asset Management Co. purchased a new position in shares of Ur-Energy in the 3rd quarter valued at about $504,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ur-Energy by 26.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company's stock valued at $21,951,000 after purchasing an additional 2,956,468 shares during the period. Finally, EAM Investors LLC purchased a new stake in Ur-Energy during the third quarter worth about $1,186,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Analysts Set New Price Targets

URG has been the topic of several research reports. B. Riley began coverage on Ur-Energy in a research report on Friday, February 2nd. They issued a "buy" rating and a $3.00 target price on the stock. StockNews.com raised Ur-Energy to a "sell" rating in a research note on Sunday, December 3rd. HC Wainwright raised their price target on shares of Ur-Energy from $2.70 to $3.60 and gave the company a "buy" rating in a report on Thursday, March 7th. Finally, Roth Mkm dropped their price objective on shares of Ur-Energy from $2.40 to $2.20 and set a "buy" rating for the company in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2.76.

Ur-Energy Trading Up 1.3 %

Shares of NYSEAMERICAN URG traded up $0.02 during trading on Friday, reaching $1.60. The stock had a trading volume of 3,624,338 shares, compared to its average volume of 3,015,070. Ur-Energy Inc. has a one year low of $0.82 and a one year high of $2.01. The company has a market capitalization of $450.61 million, a price-to-earnings ratio of -13.33 and a beta of 1.12.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, hitting 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, equities analysts predict that Ur-Energy Inc. will post -0.03 earnings per share for the current year.

Ur-Energy 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.

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