Vanguard Group Inc. Grows Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Vanguard Group Inc. grew its position in Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,972,880 shares of the basic materials company's stock after buying an additional 768,541 shares during the period. Vanguard Group Inc. owned 3.84% of Ur-Energy worth $16,069,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in Ur-Energy by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,268 shares of the basic materials company's stock worth $175,000 after buying an additional 26,531 shares during the last quarter. FMR LLC lifted its stake in Ur-Energy by 1,864.0% in the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company's stock valued at $35,000 after buying an additional 28,016 shares in the last quarter. Cibc World Markets Corp purchased a new position in Ur-Energy in the 4th quarter valued at about $38,000. Brave Asset Management Inc. purchased a new position in Ur-Energy in the 4th quarter valued at about $41,000. Finally, Verity Asset Management Inc. raised its holdings in Ur-Energy by 14.1% in the 4th quarter. Verity Asset Management Inc. now owns 297,896 shares of the basic materials company's stock valued at $343,000 after acquiring an additional 36,822 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on URG shares. HC Wainwright restated a "buy" rating and set a $2.70 price target on shares of Ur-Energy in a report on Tuesday, April 15th. Alliance Global Partners restated a "buy" rating on shares of Ur-Energy in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $2.30.

Ur-Energy Stock Performance

Shares of NYSEAMERICAN:URG traded up $0.02 on Wednesday, hitting $0.75. 760,800 shares of the company's stock were exchanged, compared to its average volume of 4,167,260. Ur-Energy Inc. has a 1-year low of $0.55 and a 1-year high of $1.90. The company has a market capitalization of $273.08 million, a PE ratio of -5.77 and a beta of 1.10. The firm's 50-day moving average is $0.79 and its 200 day moving average is $1.07.

Ur-Energy Company 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.