Ur-Energy Inc. (NYSEAMERICAN:URG) Expected to Post Q1 2024 Earnings of ($0.03) Per Share

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Investment analysts at Roth Capital dropped their Q1 2024 earnings estimates for Ur-Energy in a report released on Wednesday, April 24th. Roth Capital analyst J. Reagor now forecasts that the basic materials company will post earnings of ($0.03) per share for the quarter, down from their prior forecast of ($0.01). The consensus estimate for Ur-Energy’s current full-year earnings is ($0.03) per share. Roth Capital also issued estimates for Ur-Energy’s FY2024 earnings at ($0.07) EPS and FY2025 earnings at $0.01 EPS.

Several other research firms have also issued reports on URG. Roth Mkm dropped their price objective 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. HC Wainwright dropped their price objective on shares of Ur-Energy from $3.60 to $3.40 and set a “buy” rating for the company in a research report on Thursday. Finally, B. Riley assumed coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $3.00 price objective for the company. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ur-Energy currently has a consensus rating of “Moderate Buy” and an average price target of $2.87.

Ur-Energy Stock Up 3.7 %

Ur-Energy stock opened at $1.69 on Friday. Ur-Energy has a 1 year low of $0.84 and a 1 year high of $2.01. The company has a market capitalization of $475.95 million, a P/E ratio of -14.08 and a beta of 1.11.

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, meeting analysts’ consensus estimates of ($0.02). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%. The firm had revenue of $5.44 million during the quarter, compared to the consensus estimate of $5.10 million.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Verity Asset Management Inc. lifted its position in shares of Ur-Energy by 6.4% in the 4th 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. Jump Financial LLC acquired a new stake in shares of Ur-Energy in the 4th quarter worth about $109,000. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Ur-Energy by 3.6% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after acquiring an additional 78,440 shares during the period. Cannon Global Investment Management LLC acquired a new stake in shares of Ur-Energy in the 1st quarter worth about $224,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Ur-Energy in the 4th quarter worth about $231,000. 57.51% of the stock is currently owned by institutional investors.

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.