Bridgewater Associates LP Sells 66,447 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Bridgewater Associates LP lessened its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 31.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 147,188 shares of the basic materials company’s stock after selling 66,447 shares during the quarter. Bridgewater Associates LP’s holdings in Ur-Energy were worth $169,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in URG. Geode Capital Management LLC raised its position in shares of Ur-Energy by 21.8% during the third quarter. Geode Capital Management LLC now owns 3,886,655 shares of the basic materials company’s stock valued at $4,625,000 after buying an additional 695,487 shares during the last quarter. Rhumbline Advisers increased its stake in Ur-Energy by 136.5% during the fourth quarter. Rhumbline Advisers now owns 855,090 shares of the basic materials company’s stock valued at $983,000 after acquiring an additional 493,504 shares during the period. Jane Street Group LLC lifted its position in shares of Ur-Energy by 128.4% in the 3rd quarter. Jane Street Group LLC now owns 333,488 shares of the basic materials company’s stock worth $397,000 after acquiring an additional 187,496 shares during the period. State Street Corp grew its holdings in shares of Ur-Energy by 19.1% during the 3rd quarter. State Street Corp now owns 3,383,899 shares of the basic materials company’s stock worth $4,027,000 after purchasing an additional 541,777 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Ur-Energy by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 853,212 shares of the basic materials company’s stock valued at $981,000 after purchasing an additional 41,792 shares during the period. Institutional investors own 57.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on URG shares. Alliance Global Partners reiterated a “buy” rating on shares of Ur-Energy in a research note on Tuesday, April 15th. HC Wainwright reaffirmed a “buy” rating and set a $2.70 price objective on shares of Ur-Energy in a report on Tuesday, April 15th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ur-Energy presently has an average rating of “Buy” and an average target price of $2.30.

Ur-Energy Price Performance

Ur-Energy stock opened at $0.71 on Monday. Ur-Energy Inc. has a 52-week low of $0.55 and a 52-week high of $1.90. The stock has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $1.07. The firm has a market capitalization of $259.35 million, a P/E ratio of -5.48 and a beta of 1.10.

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.