Ur Energy (NYSEAMERICAN:URG) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Ur-Energy reported a quarterly loss of $0.04 per share, missing analysts’ expectation by $0.01, while revenue of $14.37 million was essentially in line with estimates.
• The stock traded at about $1.42, with a market capitalization of approximately $564 million; its 52-week range is $1.12 to $2.35.
• Analysts maintain a favorable outlook, with an average rating of “Buy” and an average price target of $2.36; institutional investors own 57.51% of the company.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE announced its earnings results on Monday. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01), FiscalAI reports. Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The business had revenue of $14.37 million for the quarter, compared to analyst estimates of $14.36 million.

Ur Energy Stock Performance

URG traded up $0.02 during trading on Monday, reaching $1.42. The company's stock had a trading volume of 6,012,225 shares, compared to its average volume of 9,812,310. Ur Energy has a 52-week low of $1.12 and a 52-week high of $2.35. The company's fifty day moving average price is $1.41 and its 200-day moving average price is $1.56. The company has a market capitalization of $564.29 million, a price-to-earnings ratio of -5.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.63 and a current ratio of 4.44.

Wall Street Analyst Weigh In

Several research firms have commented on URG. B. Riley Financial raised Ur Energy to a "strong-buy" rating in a research note on Thursday, May 14th. Royal Bank Of Canada initiated coverage on Ur Energy in a research note on Monday, July 13th. They issued an "outperform" rating and a $1.75 target price on the stock. HC Wainwright reissued a "buy" rating and issued a $2.30 target price on shares of Ur Energy in a report on Monday, April 27th. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. Finally, Roth Capital restated a "buy" rating and set a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $2.36.

Institutional Trading of Ur Energy

Hedge funds have recently modified their holdings of the business. Schonfeld Strategic Advisors LLC purchased a new position in Ur Energy in the fourth quarter worth $52,000. Jain Global LLC purchased a new stake in shares of Ur Energy during the 4th quarter worth $96,000. Raymond James Financial Inc. boosted its position in shares of Ur Energy by 52.3% during the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company's stock worth $77,000 after purchasing an additional 14,755 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Ur Energy during the 3rd quarter worth $69,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Ur Energy by 233.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 73,545 shares of the basic materials company's stock worth $77,000 after purchasing an additional 51,509 shares during the period. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur Energy Company Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company's core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company's flagship asset is the Lost Creek Project in Wyoming's Great Divide Basin, which commenced commercial production in 2013.

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