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

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Analysts at HC Wainwright decreased their FY2024 earnings per share estimates for Ur-Energy in a research report issued on Wednesday, August 14th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings per share of ($0.09) for the year, down from their prior forecast of ($0.07). HC Wainwright currently has a “Buy” rating and a $2.70 target price on the stock. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.08) per share.

Other research analysts have also issued research reports about the company. Ventum Cap Mkts upgraded Ur-Energy to a “strong-buy” rating in a report on Monday, July 8th. Roth Mkm decreased their price target on Ur-Energy from $2.20 to $2.10 and set a “buy” rating for the company in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ur-Energy has a consensus rating of “Moderate Buy” and an average target price of $2.60.

Ur-Energy Stock Performance

URG stock opened at $1.07 on Friday. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $2.01. The company has a market capitalization of $315.84 million, a PE ratio of -5.58 and a beta of 1.12.

Institutional Investors Weigh In On Ur-Energy

Several large investors have recently added to or reduced their stakes in URG. Van ECK Associates Corp boosted its stake in Ur-Energy by 19.1% during the fourth quarter. Van ECK Associates Corp now owns 1,044,167 shares of the basic materials company’s stock valued at $1,608,000 after buying an additional 167,335 shares during the period. Jump Financial LLC bought a new stake in Ur-Energy during the fourth quarter valued at $109,000. Verity Asset Management Inc. boosted its stake in Ur-Energy by 6.4% during the fourth quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock valued at $305,000 after buying an additional 12,005 shares during the period. Goehring & Rozencwajg Associates LLC lifted its stake in Ur-Energy by 3.6% during 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 purchasing an additional 78,440 shares during the last quarter. Finally, Cannon Global Investment Management LLC bought a new stake in Ur-Energy during the first quarter worth about $224,000. Institutional investors own 57.51% of the company’s stock.

Insider Activity at Ur-Energy

In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total value of $89,524.95. Following the completion of the sale, the director now directly owns 616,133 shares of the company’s stock, valued at $979,651.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total value of $89,524.95. Following the completion of the sale, the director now directly owns 616,133 shares of the company’s stock, valued at $979,651.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robby Sai Kit Chang sold 73,474 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $1.38, for a total value of $101,394.12. Following the completion of the sale, the director now directly owns 73,572 shares of the company’s stock, valued at $101,529.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,879 shares of company stock valued at $279,266. 3.29% of the stock is owned by insiders.

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.