Global X Management Co. LLC bought a new stake in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,609,888 shares of the basic materials company’s stock, valued at approximately $14,089,000. Global X Management Co. LLC owned about 0.14% of Ur-Energy as of its most recent filing with the Securities & Exchange Commission.
Separately, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Ur-Energy in the fourth quarter valued at about $833,000.
Ur-Energy Inc. (URG) opened at $0.71 on Thursday. The stock has a market cap of $94.64, a PE ratio of 35.50 and a beta of 0.88. Ur-Energy Inc. has a 1-year low of $0.50 and a 1-year high of $0.89.
A number of equities research analysts have recently commented on the stock. HC Wainwright set a $2.00 target price on shares of Ur-Energy and gave the company a “buy” rating in a report on Monday, October 30th. B. Riley reaffirmed a “buy” rating on shares of Ur-Energy in a report on Monday, November 6th. Zacks Investment Research raised shares of Ur-Energy from a “hold” rating to a “buy” rating and set a $0.50 target price for the company in a report on Thursday, October 19th. ValuEngine cut shares of Ur-Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Roth Capital set a $2.00 target price on shares of Ur-Energy and gave the company a “buy” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1.38.
Ur-Energy Inc is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Its flagship property is the Lost Creek Project in Sweetwater County, Wyoming.
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