Tower Research Capital LLC TRC Grows Stock Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Tower Research Capital LLC TRC boosted its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 178.5% during the fourth quarter, Holdings Channel reports. The firm owned 34,940 shares of the basic materials company’s stock after acquiring an additional 22,395 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Ur-Energy were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. MetLife Investment Management LLC boosted its position in Ur-Energy by 18.5% during the 4th quarter. MetLife Investment Management LLC now owns 237,040 shares of the basic materials company’s stock valued at $273,000 after acquiring an additional 37,084 shares in the last quarter. Barclays PLC boosted its position in Ur-Energy by 10.4% during the 4th quarter. Barclays PLC now owns 579,684 shares of the basic materials company’s stock valued at $666,000 after acquiring an additional 54,818 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Ur-Energy by 37.4% during the 4th quarter. Ameritas Investment Partners Inc. now owns 37,006 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 10,065 shares in the last quarter. CenterBook Partners LP bought a new stake in Ur-Energy during the 4th quarter valued at approximately $4,574,000. Finally, DRW Securities LLC bought a new stake in Ur-Energy during the 4th quarter valued at approximately $132,000. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 issued a $2.70 price target on shares of Ur-Energy in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ur-Energy has an average rating of “Buy” and an average price target of $2.30.

Ur-Energy Stock Up 1.1%

Shares of URG opened at $0.73 on Wednesday. The business’s 50 day moving average price is $0.72 and its 200-day moving average price is $1.03. Ur-Energy Inc. has a 52 week low of $0.55 and a 52 week high of $1.88. The stock has a market cap of $265.57 million, a P/E ratio of -5.61 and a beta of 1.10.

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.