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

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

Ur Energy Price Performance

NYSEAMERICAN URG opened at $1.42 on Tuesday. Ur Energy has a one year low of $1.12 and a one year high of $2.35. The stock has a 50-day moving average of $1.41 and a 200 day moving average of $1.55. The company has a market capitalization of $564.29 million, a price-to-earnings ratio of -5.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44.

Hedge Funds Weigh In On Ur Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. grew its stake 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 worth $41,000 after acquiring an additional 14,500 shares during the period. Raymond James Financial Inc. lifted its position in Ur Energy by 52.3% during the third quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 14,755 shares during the period. Virtu Financial LLC boosted its holdings in Ur Energy by 21.3% in the third quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 18,735 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Ur Energy in the third quarter worth approximately $36,000. Finally, Old West Investment Management LLC grew its position in Ur Energy by 100.0% in the 4th quarter. Old West Investment Management LLC now owns 55,110 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 27,553 shares during the period. Institutional investors own 57.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.