Old West Investment Management LLC Acquires New Holdings in Ur-Energy Inc. (NYSEAMERICAN:URG)

Old West Investment Management LLC bought a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 800,000 shares of the basic materials company’s stock, valued at approximately $920,000.

A number of other large investors have also recently added to or reduced their stakes in URG. FMR LLC grew its position in shares of Ur-Energy by 1,864.0% in the third quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 28,016 shares during the last quarter. Cibc World Markets Corp bought a new stake in Ur-Energy during the 4th quarter valued at approximately $38,000. Brave Asset Management Inc. acquired a new stake in Ur-Energy in the 4th quarter valued at approximately $41,000. Wellington Management Group LLP bought a new position in Ur-Energy in the 4th quarter worth approximately $58,000. Finally, Intech Investment Management LLC bought a new position in Ur-Energy in the 3rd quarter worth approximately $73,000. Institutional investors own 57.51% of the company’s stock.

Ur-Energy Trading Down 5.8 %

URG stock opened at $0.60 on Friday. Ur-Energy Inc. has a twelve month low of $0.57 and a twelve month high of $1.90. The firm has a market capitalization of $217.59 million, a P/E ratio of -4.60 and a beta of 1.10. The business’s 50-day moving average price is $0.93.

Wall Street Analysts Forecast Growth

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

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.