FY2024 Earnings Estimate for Ur-Energy Inc. (NYSEAMERICAN:URG) Issued By Ventum Cap Mkts

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Research analysts at Ventum Cap Mkts cut their FY2024 earnings per share estimates for Ur-Energy in a research note issued on Wednesday, August 21st. Ventum Cap Mkts analyst A. Terentiew now anticipates that the basic materials company will post earnings per share of ($0.05) for the year, down from their previous estimate of ($0.03). Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.08) per share. Ventum Cap Mkts also issued estimates for Ur-Energy’s FY2026 earnings at $0.10 EPS.

URG has been the subject of several other reports. B. Riley reduced their price objective on Ur-Energy from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. HC Wainwright decreased their price target on Ur-Energy from $3.20 to $2.70 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Roth Mkm cut their price objective on Ur-Energy from $2.20 to $2.10 and set a “buy” rating on the stock in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.27.

Ur-Energy Stock Performance

Ur-Energy stock opened at $1.16 on Monday. The firm has a market capitalization of $420.23 million, a P/E ratio of -6.11 and a beta of 1.12. Ur-Energy has a 1 year low of $0.96 and a 1 year high of $2.01.

Insider Activity at Ur-Energy

In related news, Director James M. Franklin sold 56,305 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were 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 owns 616,133 shares in the company, valued at approximately $979,651.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ur-Energy news, Director James M. Franklin sold 56,305 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1.59, for a total value of $89,524.95. Following the transaction, the director now directly owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robby Sai Kit Chang sold 73,474 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 73,572 shares in the company, valued at approximately $101,529.36. The disclosure for this sale can be found here. Insiders have sold 189,879 shares of company stock valued at $279,266 in the last ninety days. Insiders own 3.29% of the company’s stock.

Hedge Funds Weigh In On Ur-Energy

Several hedge funds have recently added to or reduced their stakes in URG. Verity Asset Management Inc. boosted its stake in Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after buying an additional 12,005 shares during the last quarter. Xponance Inc. purchased a new stake in Ur-Energy in the second quarter valued at approximately $25,000. Principal Financial Group Inc. acquired a new position in Ur-Energy during the second quarter worth approximately $51,000. Tidal Investments LLC acquired a new position in Ur-Energy during the first quarter worth approximately $65,000. Finally, CQS US LLC raised its stake in Ur-Energy by 0.5% during the second quarter. CQS US LLC now owns 12,223,939 shares of the basic materials company’s stock worth $17,114,000 after purchasing an additional 64,141 shares during the period. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

About Ur-Energy

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.