Wellington Management Group LLP Invests $58,000 in Ur-Energy Inc. (NYSEAMERICAN:URG)

Wellington Management Group LLP bought a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,299 shares of the basic materials company’s stock, valued at approximately $58,000.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Ur-Energy by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 341,669 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 194,401 shares during the period. Vanguard Group Inc. raised its holdings in Ur-Energy by 5.8% in the 4th quarter. Vanguard Group Inc. now owns 13,972,880 shares of the basic materials company’s stock valued at $16,069,000 after acquiring an additional 768,541 shares in the last quarter. Quantbot Technologies LP acquired a new position in Ur-Energy in the 4th quarter valued at $159,000. Cibc World Markets Corp bought a new stake in shares of Ur-Energy during the 4th quarter valued at $38,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ur-Energy by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 853,212 shares of the basic materials company’s stock worth $981,000 after purchasing an additional 41,792 shares in the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur-Energy Price Performance

URG opened at $0.62 on Wednesday. Ur-Energy Inc. has a fifty-two week low of $0.55 and a fifty-two week high of $1.90. The company’s 50 day moving average price is $0.83 and its two-hundred day moving average price is $1.08. The firm has a market capitalization of $225.81 million, a price-to-earnings ratio of -4.77 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $2.70 price objective on shares of Ur-Energy in a research report on Tuesday. Alliance Global Partners reiterated a “buy” rating on shares of Ur-Energy in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ur-Energy presently has a consensus rating of “Buy” and a consensus price target of $2.30.

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.