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

Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE - Analysts at Ventum Cap Mkts decreased their FY2024 earnings per share (EPS) estimates for Ur-Energy in a research report issued on Wednesday, August 21st. Ventum Cap Mkts analyst A. Terentiew now forecasts that the basic materials company will earn ($0.05) per share 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.

Several other equities research analysts also recently commented on the company. HC Wainwright dropped their target price on Ur-Energy from $3.20 to $2.70 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Roth Mkm dropped their target price on Ur-Energy from $2.20 to $2.10 and set a "buy" rating on the stock in a report on Thursday, May 9th. Finally, B. Riley dropped their target price on Ur-Energy from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $2.27.

Ur-Energy Price Performance

Shares of Ur-Energy stock traded down $0.02 during trading hours on Monday, reaching $1.14. The stock had a trading volume of 3,242,053 shares, compared to its average volume of 3,538,643. The company has a market cap of $411.18 million, a price-to-earnings ratio of -5.97 and a beta of 1.12. Ur-Energy has a 1 year low of $0.96 and a 1 year high of $2.01.

Institutional Trading of Ur-Energy

Several hedge funds have recently added to or reduced their stakes in the business. Lloyd Harbor Capital Management LLC raised its stake in Ur-Energy by 167.4% during the 2nd 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 acquiring an additional 5,100,000 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Ur-Energy in the 2nd quarter worth $150,000. Xponance Inc. bought a new stake in shares of Ur-Energy in the 2nd quarter worth $25,000. Goehring & Rozencwajg Associates LLC raised its stake in shares of Ur-Energy by 21.5% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 2,931,546 shares of the basic materials company's stock worth $4,104,000 after buying an additional 517,800 shares in the last quarter. Finally, CQS US LLC raised its stake in shares of Ur-Energy by 0.5% in the 2nd quarter. CQS US LLC now owns 12,223,939 shares of the basic materials company's stock worth $17,114,000 after buying an additional 64,141 shares in the last quarter. Institutional investors own 57.51% of the company's stock.

Insider Transactions at Ur-Energy

In related news, 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 transaction of $101,394.12. Following the completion of the transaction, the director now owns 73,572 shares in the company, valued at approximately $101,529.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James M. Franklin sold 56,305 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total transaction of $89,524.95. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at the SEC website. 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 shares were 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 of the company's stock, valued at approximately $101,529.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,879 shares of company stock worth $279,266. 3.29% of the stock is currently owned by corporate insiders.

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.