Research Analysts Issue Forecasts for Ur-Energy Inc.’s FY2024 Earnings (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Stock analysts at HC Wainwright reduced their FY2024 earnings per share estimates for shares of Ur-Energy in a report issued on Thursday, April 25th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings of $0.00 per share for the year, down from their previous estimate of $0.01. HC Wainwright currently has a “Buy” rating and a $3.40 target price on the stock. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Ur-Energy’s FY2025 earnings at $0.08 EPS.

A number of other research analysts have also weighed in on the company. B. Riley began coverage on Ur-Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $3.00 price target on the stock. Roth Mkm cut their target price on Ur-Energy from $2.40 to $2.20 and set a “buy” rating on the stock in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2.87.

Ur-Energy Stock Performance

Shares of NYSEAMERICAN:URG opened at $1.63 on Friday. The firm has a market cap of $459.06 million, a price-to-earnings ratio of -13.58 and a beta of 1.11. Ur-Energy has a one year low of $0.84 and a one year high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $5.44 million for the quarter, compared to analysts’ expectations of $5.10 million. Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%.

Institutional Investors Weigh In On Ur-Energy

A number of hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new position in Ur-Energy in the fourth quarter worth approximately $109,000. Cannon Global Investment Management LLC acquired a new position in Ur-Energy in the first quarter worth approximately $224,000. U S Global Investors Inc. acquired a new position in Ur-Energy in the fourth quarter worth approximately $231,000. Verity Asset Management Inc. grew its position in Ur-Energy by 6.4% in the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after buying an additional 12,005 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new position in Ur-Energy in the third quarter worth approximately $504,000. Institutional investors own 57.51% of the company’s stock.

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.