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

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

A number of other research analysts also recently issued reports on the stock. Roth Mkm cut their target price on shares of Ur-Energy from $2.20 to $2.10 and set a “buy” rating on the stock in a research report on Thursday. B. Riley assumed coverage on Ur-Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $3.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $2.80.

Ur-Energy Trading Up 3.2 %

Ur-Energy stock opened at $1.80 on Friday. The stock has a market capitalization of $505.53 million, a P/E ratio of -14.96 and a beta of 1.10. Ur-Energy has a 12-month low of $0.84 and a 12-month high of $2.01.

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

Institutional Trading of Ur-Energy

Several hedge funds have recently added to or reduced their stakes in URG. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Ur-Energy by 26.2% during the third 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 during the period. Shell Asset Management Co. bought a new position in shares of Ur-Energy during the third quarter worth about $504,000. Van ECK Associates Corp raised its position in Ur-Energy by 28.2% in the 3rd quarter. Van ECK Associates Corp now owns 876,832 shares of the basic materials company’s stock valued at $1,350,000 after buying an additional 192,947 shares during the last quarter. Citigroup Inc. lifted its stake in Ur-Energy by 707,496.3% in the 3rd quarter. Citigroup Inc. now owns 566,077 shares of the basic materials company’s stock valued at $863,000 after acquiring an additional 565,997 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in Ur-Energy during the 3rd quarter worth approximately $1,186,000. 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.