FY2024 EPS Estimates for Ur-Energy Inc. Reduced by HC Wainwright (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – HC Wainwright reduced their FY2024 earnings estimates for Ur-Energy in a research note issued on Thursday, April 25th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $0.00 per share for the year, down from their previous forecast of $0.01. HC Wainwright has a “Buy” rating and a $3.40 price target on the stock. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Ur-Energy’s FY2025 earnings at $0.08 EPS.

URG has been the topic of a number of other reports. Roth Mkm cut their price target on Ur-Energy from $2.40 to $2.20 and set a “buy” rating on the stock in a report on Thursday, March 14th. B. Riley began coverage on Ur-Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $3.00 target price for the company. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.87.

Ur-Energy Price Performance

NYSEAMERICAN:URG opened at $1.69 on Friday. 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 has a fifty-two week low of $0.84 and a fifty-two week high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Ur-Energy had a negative return on equity of 36.71% and a negative net margin of 173.40%. The company 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

Institutional investors have recently bought and sold shares of the stock. MMCAP International Inc. SPC raised its position in Ur-Energy by 1.2% during the 3rd 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 during the last quarter. Alps Advisors Inc. lifted its position in Ur-Energy by 20.5% during 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. raised its holdings in Ur-Energy by 8.8% during 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 acquiring an additional 1,260,419 shares during the period. Azarias Capital Management L.P. increased its holdings 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 purchasing an additional 165,082 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its position in 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 acquiring an additional 78,440 shares in the last quarter. 57.51% of the stock is currently owned by hedge funds and other 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.