Research Analysts Set Expectations for Ur-Energy Inc.’s Q1 2024 Earnings (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URGFree Report) (TSE:URE) – Research analysts at Roth Capital lowered their Q1 2024 earnings per share (EPS) estimates for Ur-Energy in a research report issued to clients and investors on Wednesday, January 31st. Roth Capital analyst J. Reagor now anticipates that the basic materials company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.12) per share.

Ur-Energy (NYSEAMERICAN:URGGet Free Report) (TSE:URE) last announced its earnings results on Monday, October 30th. The basic materials company reported ($0.07) EPS for the quarter. The business had revenue of $5.75 million during the quarter, compared to analyst estimates of $5.90 million.

A number of other equities analysts have also recently commented on URG. Roth Mkm reduced their target price on Ur-Energy from $2.50 to $2.40 and set a “buy” rating for the company in a report on Wednesday. StockNews.com upgraded Ur-Energy to a “sell” rating in a research report on Sunday, December 3rd. Finally, HC Wainwright dropped their price target on Ur-Energy from $2.80 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.45.

Get Our Latest Stock Analysis on Ur-Energy

Ur-Energy Stock Performance

Shares of Ur-Energy stock opened at $1.84 on Thursday. Ur-Energy has a 12 month low of $0.82 and a 12 month high of $1.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.71 and a quick ratio of 5.31.

Institutional Trading of Ur-Energy

Hedge funds have recently modified their holdings of the stock. Segra Capital Management LLC acquired a new stake in Ur-Energy in the first quarter valued at $5,290,000. Alps Advisors Inc. raised 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 buying an additional 3,118,647 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Ur-Energy by 26.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company’s stock valued at $21,951,000 after buying an additional 2,956,468 shares in the last quarter. Lloyd Harbor Capital Management LLC raised its stake in Ur-Energy by 48.9% in the second quarter. Lloyd Harbor Capital Management LLC now owns 8,142,791 shares of the basic materials company’s stock valued at $8,550,000 after buying an additional 2,675,582 shares in the last quarter. Finally, Azarias Capital Management L.P. raised its stake in Ur-Energy by 13.2% in the fourth quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock valued at $22,205,000 after buying an additional 1,686,286 shares in the last quarter. 43.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robby Sai Kit Chang sold 50,527 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $1.66, for a total value of $83,874.82. Following the completion of the transaction, the director now directly owns 73,572 shares in the company, valued at $122,129.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robby Sai Kit Chang sold 50,527 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $1.66, for a total transaction of $83,874.82. Following the completion of the transaction, the director now directly owns 73,572 shares in the company, valued at $122,129.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary C. Huber sold 55,653 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $1.66, for a total value of $92,383.98. Following the transaction, the director now owns 308,923 shares of the company’s stock, valued at $512,812.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,822 shares of company stock worth $469,873. Company insiders own 3.35% of the company’s stock.

About Ur-Energy

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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.

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