Ur Energy (NYSEAMERICAN:URG) Releases Earnings Results

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) posted its quarterly earnings results on Monday. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01), FiscalAI reports. Ur Energy had a negative return on equity of 105.96% and a negative net margin of 252.75%.The company had revenue of $14.37 million for the quarter, compared to analysts’ expectations of $14.36 million.

Ur Energy Trading Down 2.1%

URG opened at $1.39 on Wednesday. Ur Energy has a 52 week low of $1.12 and a 52 week high of $2.35. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $1.55. The firm has a market cap of $552.37 million, a P/E ratio of -6.32 and a beta of 0.95.

Wall Street Analyst Weigh In

Several analysts have recently commented on URG shares. Roth Capital reaffirmed a “buy” rating and set a $2.00 price target on shares of Ur Energy in a research report on Tuesday, May 12th. HC Wainwright cut their target price on Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a research note on Tuesday. Northland Securities set a $2.35 target price on Ur Energy in a research report on Tuesday, May 12th. Royal Bank Of Canada started coverage on Ur Energy in a research note on Monday, July 13th. They issued an “outperform” rating and a $1.75 price target on the stock. Finally, B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $2.34.

Hedge Funds Weigh In On Ur Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in Ur Energy during the fourth quarter worth about $1,662,000. Old West Investment Management LLC boosted its stake in shares of Ur Energy by 100.0% in the fourth quarter. Old West Investment Management LLC now owns 55,110 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 27,553 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Ur Energy in the fourth quarter valued at approximately $52,000. Jain Global LLC acquired a new position in shares of Ur Energy in the fourth quarter valued at approximately $96,000. Finally, Captrust Financial Advisors purchased a new stake in Ur Energy during the 4th quarter worth approximately $48,000. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

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.