The Manufacturers Life Insurance Company Buys 17,543,525 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

The Manufacturers Life Insurance Company boosted its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 16,425.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,650,333 shares of the basic materials company's stock after purchasing an additional 17,543,525 shares during the quarter. The Manufacturers Life Insurance Company owned 4.87% of Ur-Energy worth $21,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. acquired a new stake in shares of Ur-Energy during the second quarter worth $25,000. Principal Financial Group Inc. acquired a new stake in shares of Ur-Energy in the second quarter valued at approximately $51,000. Tidal Investments LLC bought a new position in Ur-Energy in the first quarter valued at $65,000. Verity Asset Management Inc. increased its stake in Ur-Energy by 21.8% in the 3rd quarter. Verity Asset Management Inc. now owns 261,074 shares of the basic materials company's stock valued at $311,000 after buying an additional 46,698 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in Ur-Energy by 235.6% during the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company's stock worth $81,000 after buying an additional 47,922 shares in the last quarter. 57.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

URG has been the subject of a number of recent analyst reports. HC Wainwright cut their price target on shares of Ur-Energy from $3.20 to $2.70 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Roth Mkm reiterated a "buy" rating and issued a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd. Finally, B. Riley lowered their price target on Ur-Energy from $3.00 to $2.00 and set a "buy" rating on the stock in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.30.

Ur-Energy Trading Up 3.1 %

Shares of Ur-Energy stock traded up $0.04 on Friday, reaching $1.31. 1,759,645 shares of the stock were exchanged, compared to its average volume of 4,129,785. The company has a market cap of $476.97 million, a PE ratio of -10.08 and a beta of 1.11. Ur-Energy Inc. has a one year low of $0.96 and a one year high of $2.01.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last released its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.02). The business had revenue of $6.40 million during the quarter, compared to the consensus estimate of $9.67 million. Research analysts forecast that Ur-Energy Inc. will post -0.13 earnings per share for the current year.

Insider Buying and Selling at Ur-Energy

In other Ur-Energy news, COO Steven M. Hatten sold 179,733 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $1.19, for a total transaction of $213,882.27. Following the completion of the sale, the chief operating officer now owns 303,977 shares of the company's stock, valued at approximately $361,732.63. This represents a 37.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary C. Huber sold 97,628 shares of the business's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total transaction of $120,082.44. Following the completion of the transaction, the director now owns 404,869 shares in the company, valued at $497,988.87. This trade represents a 19.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 605,480 shares of company stock worth $726,708. 3.29% of the stock is currently owned by insiders.

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.