Ur Energy (NYSEAMERICAN:URG) Releases Earnings Results, Misses Expectations By $0.01 EPS

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) announced its quarterly earnings results on Monday. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01), FiscalAI reports. The firm had revenue of $14.37 million for the quarter, compared to analysts’ expectations of $14.36 million. Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.

Ur Energy Price Performance

Shares of Ur Energy stock traded up $0.02 during trading on Monday, hitting $1.42. 6,012,225 shares of the company were exchanged, compared to its average volume of 9,812,310. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. Ur Energy has a fifty-two week low of $1.12 and a fifty-two week high of $2.35. The stock has a market capitalization of $564.29 million, a price-to-earnings ratio of -5.92 and a beta of 0.95. The firm has a 50 day moving average price of $1.41 and a 200 day moving average price of $1.56.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $2.30 price objective on shares of Ur Energy in a report on Monday, April 27th. Roth Capital reissued a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a report on Tuesday, May 12th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada initiated coverage on shares of Ur Energy in a research report on Monday, July 13th. They issued an “outperform” rating and a $1.75 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2.36.

Institutional Investors Weigh In On Ur Energy

A number of large investors have recently bought and sold shares of the stock. Gabelli Funds LLC purchased a new position in Ur Energy during the third quarter worth $36,000. J.W. Cole Advisors Inc. lifted its position in shares of Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 14,500 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Ur Energy in the fourth quarter valued at $42,000. Captrust Financial Advisors acquired a new stake in shares of Ur Energy during the fourth quarter valued at $48,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Ur Energy during the second quarter valued at $38,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.?based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.