Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,514,392 shares of the basic materials company's stock after purchasing an additional 1,260,419 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 5.73% of Ur-Energy worth $23,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Ur-Energy by 45.6% in the 1st quarter. Bank of New York Mellon Corp now owns 618,839 shares of the basic materials company's stock worth $990,000 after acquiring an additional 193,783 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Ur-Energy by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 118,272 shares of the basic materials company's stock worth $189,000 after acquiring an additional 42,939 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Ur-Energy by 187.7% in the 1st quarter. Rhumbline Advisers now owns 432,499 shares of the basic materials company's stock worth $692,000 after acquiring an additional 282,194 shares in the last quarter. BlackRock Inc. grew its stake in shares of Ur-Energy by 2.7% in the 1st quarter. BlackRock Inc. now owns 9,332,258 shares of the basic materials company's stock worth $14,932,000 after acquiring an additional 249,648 shares in the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Ur-Energy in the 1st quarter worth $95,000. Institutional investors own 57.51% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Roth Mkm reduced their target price on shares of Ur-Energy from $2.40 to $2.20 and set a "buy" rating for the company in a research note on Thursday, March 14th. HC Wainwright increased their price target on shares of Ur-Energy from $2.70 to $3.60 and gave the company a "buy" rating in a research report on Thursday, March 7th. Finally, B. Riley assumed coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They set a "buy" rating and a $3.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Ur-Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.76.

Ur-Energy Stock Performance

URG traded down $0.02 during trading on Tuesday, hitting $1.71. 2,209,833 shares of the company traded hands, compared to its average volume of 3,244,393. The firm has a market cap of $481.59 million, a P/E ratio of -14.08 and a beta of 1.11. Ur-Energy Inc. has a one year low of $0.82 and a one year high of $2.01.

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

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.