Ur-Energy Inc. to Post FY2024 Earnings of $0.00 Per Share, HC Wainwright Forecasts (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Stock analysts at HC Wainwright cut their FY2024 earnings per share estimates for Ur-Energy in a report released on Thursday, April 25th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings of $0.00 per share 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.

Other equities analysts have also recently issued research reports about the company. B. Riley began coverage on Ur-Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $3.00 price target on the stock. Roth Mkm dropped their price target 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 equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2.87.

Ur-Energy Stock Performance

URG opened at $1.69 on Friday. The stock has a market cap of $475.95 million, a PE ratio of -14.08 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 announced its quarterly 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). Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. The company had revenue of $5.44 million during the quarter, compared to the consensus estimate of $5.10 million.

Hedge Funds Weigh In On Ur-Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in URG. Alps Advisors Inc. increased its position in Ur-Energy by 20.5% during the 3rd quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock worth $28,258,000 after purchasing an additional 3,118,647 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ur-Energy by 26.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company’s stock worth $21,951,000 after acquiring an additional 2,956,468 shares in the last quarter. Azarias Capital Management L.P. boosted its stake in shares of Ur-Energy by 13.2% during the 4th quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock worth $22,205,000 after acquiring an additional 1,686,286 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Ur-Energy during the 3rd quarter worth approximately $1,186,000. Finally, Citigroup Inc. boosted its stake in shares of Ur-Energy by 707,496.3% during the 3rd quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock worth $863,000 after acquiring an additional 565,997 shares in the last quarter. Institutional investors and hedge funds 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.