Roth Capital Analysts Reduce Earnings Estimates for Ur-Energy Inc. (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Stock analysts at Roth Capital reduced their Q1 2024 earnings per share (EPS) estimates for Ur-Energy in a report issued on Wednesday, April 24th. Roth Capital analyst J. Reagor now expects that the basic materials company will earn ($0.03) per share for the quarter, down from their previous 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.

Other analysts have also recently issued reports about the company. 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. HC Wainwright lowered their target price on Ur-Energy from $3.60 to $3.40 and set a “buy” rating on the stock in a research report on Thursday. Finally, B. Riley began coverage on Ur-Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $3.00 target price on the stock. One research 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.com, Ur-Energy has a consensus rating of “Moderate Buy” and an average price target of $2.87.

Ur-Energy Stock Performance

NYSEAMERICAN:URG opened at $1.69 on Friday. Ur-Energy has a 52 week low of $0.84 and a 52 week high of $2.01. The company has a market cap of $475.95 million, a price-to-earnings ratio of -14.08 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its quarterly earnings results on Wednesday, March 6th. The basic materials company reported ($0.02) EPS for the quarter, meeting 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 firm had revenue of $5.44 million during the quarter, compared to the consensus estimate of $5.10 million.

Institutional Investors Weigh In On Ur-Energy

Large investors have recently modified their holdings of the stock. MMCAP International Inc. SPC grew its stake in Ur-Energy by 1.2% in the third quarter. MMCAP International Inc. SPC now owns 26,245,347 shares of the basic materials company’s stock valued at $40,418,000 after purchasing an additional 307,016 shares in the last quarter. Alps Advisors Inc. grew its stake in Ur-Energy by 20.5% in the third quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock valued at $28,258,000 after purchasing an additional 3,118,647 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Ur-Energy by 8.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,514,392 shares of the basic materials company’s stock valued at $23,892,000 after purchasing an additional 1,260,419 shares in the last quarter. Azarias Capital Management L.P. lifted its position in shares of Ur-Energy by 1.1% in the first quarter. Azarias Capital Management L.P. now owns 14,584,181 shares of the basic materials company’s stock worth $23,335,000 after buying an additional 165,082 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of Ur-Energy by 3.6% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after buying an additional 78,440 shares during the last quarter. 57.51% of the stock is owned by institutional investors.

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.