Ur-Energy Inc. to Post FY2024 Earnings of ($0.07) Per Share, HC Wainwright Forecasts (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Equities research analysts at HC Wainwright issued their FY2024 EPS estimates for Ur-Energy in a report released on Wednesday, May 8th. HC Wainwright analyst H. Ihle anticipates that the basic materials company will earn ($0.07) per share for the year. HC Wainwright has a “Buy” rating and a $3.30 price objective on the stock. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.03) per share.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Monday, May 6th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Ur-Energy had a negative net margin of 173.40% and a negative return on equity of 36.71%.

URG has been the topic of a number of other research reports. B. Riley initiated coverage on shares of Ur-Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $3.00 target price on the stock. Roth Mkm decreased their price target on shares of Ur-Energy from $2.20 to $2.10 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $2.80.

Ur-Energy Trading Up 3.2 %

Shares of URG opened at $1.80 on Friday. The company has a market capitalization of $505.53 million, a price-to-earnings ratio of -14.96 and a beta of 1.10. Ur-Energy has a 52-week low of $0.84 and a 52-week high of $2.01.

Institutional Trading of Ur-Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new position in shares of Ur-Energy during the fourth quarter valued at about $109,000. Cannon Global Investment Management LLC acquired a new position in Ur-Energy during the 1st quarter valued at about $224,000. U S Global Investors Inc. bought a new stake in Ur-Energy during the 4th quarter worth approximately $231,000. Verity Asset Management Inc. increased its holdings in Ur-Energy by 6.4% during the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 12,005 shares in the last quarter. Finally, Anthracite Investment Company Inc. purchased a new stake in shares of Ur-Energy in the first quarter worth approximately $348,000. 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.