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

Bank of New York Mellon Corp increased its position in Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 749,809 shares of the basic materials company’s stock after buying an additional 61,391 shares during the quarter. Bank of New York Mellon Corp owned 0.21% of Ur-Energy worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Segra Capital Management LLC raised its position in Ur-Energy by 47.2% during the 3rd quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company’s stock valued at $25,067,000 after purchasing an additional 6,718,094 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Ur-Energy by 16,425.3% during the third quarter. The Manufacturers Life Insurance Company now owns 17,650,333 shares of the basic materials company’s stock valued at $21,004,000 after acquiring an additional 17,543,525 shares in the last quarter. Geode Capital Management LLC lifted its stake in Ur-Energy by 21.8% in the third quarter. Geode Capital Management LLC now owns 3,886,655 shares of the basic materials company’s stock worth $4,625,000 after acquiring an additional 695,487 shares during the period. State Street Corp boosted its holdings in Ur-Energy by 19.1% in 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 acquiring an additional 541,777 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in Ur-Energy during the 4th quarter valued at $2,340,000. 57.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ur-Energy Stock Down 9.6 %

Ur-Energy stock opened at $0.78 on Wednesday. Ur-Energy Inc. has a 12 month low of $0.73 and a 12 month 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 business has a fifty 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.