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

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Equities research analysts at HC Wainwright dropped their FY2024 earnings estimates for shares of Ur-Energy in a report issued on Thursday, April 25th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of $0.00 for the year, down from their prior 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.

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

Several other equities research analysts have also recently commented on the stock. Roth Mkm lowered their price target on shares of Ur-Energy from $2.40 to $2.20 and set a “buy” rating for the company in a research report on Thursday, March 14th. B. Riley assumed coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $3.00 price target for the company. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, Ur-Energy has an average rating of “Moderate Buy” and an average price target of $2.87.

Ur-Energy Stock Up 1.2 %

URG opened at $1.63 on Friday. The stock has a market capitalization of $459.06 million, a price-to-earnings ratio of -13.58 and a beta of 1.11. Ur-Energy has a 1-year low of $0.84 and a 1-year high of $2.01.

Institutional Trading of Ur-Energy

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

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.