Research Analysts Offer Predictions for Ur-Energy Inc.'s Q3 2024 Earnings (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE - Research analysts at B. Riley issued their Q3 2024 earnings per share estimates for shares of Ur-Energy in a research note issued on Tuesday, August 20th. B. Riley analyst M. Key forecasts that the basic materials company will post earnings of ($0.02) per share for the quarter. B. Riley has a "Buy" rating and a $2.00 price target on the stock. The consensus estimate for Ur-Energy's current full-year earnings is ($0.08) per share. B. Riley also issued estimates for Ur-Energy's FY2024 earnings at ($0.11) EPS and FY2026 earnings at $0.12 EPS.

Other research analysts have also issued reports about the company. Ventum Cap Mkts raised Ur-Energy to a "strong-buy" rating in a research report on Monday, July 8th. Roth Mkm dropped their target price 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. Finally, HC Wainwright dropped their price objective on Ur-Energy from $3.20 to $2.70 and set a "buy" rating for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2.27.

Ur-Energy Stock Down 5.0 %

Shares of Ur-Energy stock traded down $0.06 during trading on Thursday, hitting $1.04. The stock had a trading volume of 2,307,804 shares, compared to its average volume of 3,521,813. Ur-Energy has a fifty-two week low of $0.96 and a fifty-two week high of $2.01. The firm has a market cap of $374.95 million, a price-to-earnings ratio of -5.45 and a beta of 1.12.

Hedge Funds Weigh In On Ur-Energy

Hedge funds have recently added to or reduced their stakes in the business. Azarias Capital Management L.P. lifted its holdings in shares of Ur-Energy by 12.2% during the 2nd quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company's stock valued at $22,918,000 after buying an additional 1,786,023 shares during the last quarter. CQS US LLC lifted its stake in shares of 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 valued at $17,114,000 after acquiring an additional 64,141 shares during the period. Lloyd Harbor Capital Management LLC increased its holdings in Ur-Energy by 167.4% in the second quarter. Lloyd Harbor Capital Management LLC now owns 8,146,858 shares of the basic materials company's stock valued at $11,406,000 after purchasing an additional 5,100,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Ur-Energy by 21.5% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company's stock worth $4,104,000 after acquiring an additional 517,800 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of Ur-Energy by 10.1% in the first quarter. Vident Advisory LLC now owns 2,625,640 shares of the basic materials company's stock worth $4,201,000 after acquiring an additional 241,036 shares in the last quarter. Institutional investors and hedge funds own 57.51% of the company's stock.

Insider Activity at Ur-Energy

In related news, Director Robby Sai Kit Chang sold 73,474 shares of the firm's stock in a transaction on Monday, June 24th. The shares were sold at an average price of $1.38, for a total transaction of $101,394.12. Following the sale, the director now owns 73,572 shares in the company, valued at $101,529.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director James M. Franklin sold 56,305 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1.59, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robby Sai Kit Chang sold 73,474 shares of the company's stock in a transaction on Monday, June 24th. The shares were sold at an average price of $1.38, for a total transaction of $101,394.12. Following the completion of the sale, the director now owns 73,572 shares of the company's stock, valued at approximately $101,529.36. The disclosure for this sale can be found here. Insiders sold 189,879 shares of company stock valued at $279,266 over the last 90 days. Insiders own 3.29% 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.