Bank of New York Mellon Corp Grows Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Bank of New York Mellon Corp boosted its holdings in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 8.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 749,809 shares of the basic materials company’s stock after acquiring an additional 61,391 shares during the period. Bank of New York Mellon Corp’s holdings in Ur-Energy were worth $862,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in Ur-Energy by 16,425.3% in the third quarter. The Manufacturers Life Insurance Company now owns 17,650,333 shares of the basic materials company’s stock worth $21,004,000 after purchasing an additional 17,543,525 shares during the last quarter. Segra Capital Management LLC lifted its stake in shares of Ur-Energy by 47.2% in the 3rd quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company’s stock worth $25,067,000 after purchasing an additional 6,718,094 shares during the period. Acuitas Investments LLC purchased a new position in shares of Ur-Energy in the fourth quarter worth approximately $2,340,000. Geode Capital Management LLC grew its position in 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 period. Finally, State Street Corp grew its position in Ur-Energy by 19.1% during the third quarter. State Street Corp now owns 3,383,899 shares of the basic materials company’s stock valued at $4,027,000 after buying an additional 541,777 shares during the period. Institutional investors own 57.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.70 price target on shares of Ur-Energy in a research report on Tuesday, February 11th.

Ur-Energy Price Performance

NYSEAMERICAN URG opened at $0.78 on Wednesday. Ur-Energy Inc. has a 52 week low of $0.73 and a 52 week high of $1.90. The company has a market capitalization of $282.98 million, a P/E ratio of -5.98 and a beta of 1.10. The stock has a 50-day moving average of $1.00.

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.