Ur-Energy Inc. (NYSEAMERICAN:URG) Position Decreased by MMCAP International Inc. SPC

MMCAP International Inc. SPC lessened its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,104,113 shares of the basic materials company’s stock after selling 2,773,810 shares during the quarter. Ur-Energy makes up 3.2% of MMCAP International Inc. SPC’s portfolio, making the stock its 8th largest holding. MMCAP International Inc. SPC owned 4.97% of Ur-Energy worth $20,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its stake in shares of Ur-Energy by 1,864.0% during 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. Brave Asset Management Inc. purchased a new position in shares of Ur-Energy during the 4th quarter valued at $41,000. Intech Investment Management LLC purchased a new position in shares of Ur-Energy during the 3rd quarter valued at $73,000. Ballentine Partners LLC lifted its stake in shares of Ur-Energy by 235.6% during the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock valued at $81,000 after buying an additional 47,922 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Ur-Energy by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,268 shares of the basic materials company’s stock valued at $175,000 after buying an additional 26,531 shares in the last quarter. Hedge funds and other 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 note on Tuesday, February 11th.

Ur-Energy Stock Performance

Shares of URG stock opened at $0.92 on Wednesday. The firm has a market capitalization of $334.10 million, a price-to-earnings ratio of -7.06 and a beta of 1.10. Ur-Energy Inc. has a 52 week low of $0.88 and a 52 week high of $1.90.

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.