FY2024 EPS Estimates for Ur-Energy Decreased by Analyst

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Ventum Cap Mkts reduced their FY2024 EPS estimates for Ur-Energy in a research report issued to clients and investors on Monday, February 3rd. Ventum Cap Mkts analyst A. Terentiew now anticipates that the basic materials company will earn ($0.13) per share for the year, down from their previous estimate of ($0.12). The consensus estimate for Ur-Energy’s current full-year earnings is ($0.14) per share. Ventum Cap Mkts also issued estimates for Ur-Energy’s FY2025 earnings at ($0.04) EPS.

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $2.20 price objective (up previously from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd.

Ur-Energy Stock Performance

Ur-Energy stock opened at $1.01 on Thursday. Ur-Energy has a 12-month low of $0.96 and a 12-month high of $1.97. The stock has a market cap of $367.74 million, a price-to-earnings ratio of -7.77 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $6.40 million for the quarter, compared to analyst estimates of $9.67 million.

Hedge Funds Weigh In On Ur-Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of Ur-Energy by 1,864.0% during the third quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 28,016 shares during the last quarter. Brave Asset Management Inc. acquired a new stake in shares of Ur-Energy during the fourth quarter worth $41,000. Intech Investment Management LLC bought a new position in Ur-Energy in the third quarter worth about $73,000. Ballentine Partners LLC lifted its holdings in shares of Ur-Energy by 235.6% in the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 47,922 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ur-Energy during the second quarter valued at $150,000. Institutional investors and hedge funds own 57.51% of the company’s stock.

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.