Analysts Offer Predictions for Ur-Energy FY2024 Earnings

Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE - Investment analysts at Ventum Cap Mkts dropped their FY2024 earnings per share estimates for Ur-Energy in a research report issued to clients and investors on Monday, February 3rd. Ventum Cap Mkts analyst A. Terentiew now forecasts that the basic materials company will post earnings per share of ($0.13) for the year, down from their prior forecast 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.

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

Separately, Roth Mkm restated 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 Down 1.0 %

URG traded down $0.01 on Thursday, hitting $1.00. 2,316,695 shares of the company traded hands, compared to its average volume of 4,095,973. Ur-Energy has a 12-month low of $0.96 and a 12-month high of $1.94.

Institutional Trading of Ur-Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Ur-Energy by 1,864.0% in the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company's stock worth $35,000 after buying an additional 28,016 shares during the period. Brave Asset Management Inc. purchased a new position in shares of Ur-Energy in the 4th quarter worth about $41,000. Intech Investment Management LLC purchased a new position in shares of Ur-Energy in the 3rd quarter worth about $73,000. Ballentine Partners LLC lifted its stake 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 valued at $81,000 after purchasing an additional 47,922 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Ur-Energy during the 2nd quarter worth about $150,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

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.