Ur Energy (NYSEAMERICAN:URG) Releases Earnings Results, Misses Estimates By $0.01 EPS

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) issued its quarterly earnings data on Monday. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01), FiscalAI reports. The business had revenue of $14.37 million for the quarter, compared to analysts’ expectations of $14.36 million. Ur Energy had a negative net margin of 298.18% and a negative return on equity of 98.81%.

Ur Energy Stock Up 1.4%

Shares of URG stock traded up $0.02 during trading hours on Monday, reaching $1.42. 6,012,225 shares of the company’s stock were exchanged, compared to its average volume of 9,812,310. The company has a current ratio of 4.44, a quick ratio of 3.63 and a debt-to-equity ratio of 0.83. Ur Energy has a 1 year low of $1.12 and a 1 year high of $2.35. The stock has a market cap of $564.29 million, a PE ratio of -5.92 and a beta of 0.95. The stock’s fifty day moving average price is $1.41 and its two-hundred day moving average price is $1.56.

Institutional Trading of Ur Energy

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Northland Securities set a $2.35 price target on Ur Energy in a research report on Tuesday, May 12th. HC Wainwright restated a “buy” rating and set a $2.30 price objective on shares of Ur Energy in a research note on Monday, April 27th. Royal Bank Of Canada assumed coverage on Ur Energy in a research report on Monday, July 13th. They set an “outperform” rating and a $1.75 price objective on the stock. Finally, Roth Capital reiterated a “buy” rating and issued a $2.00 target price 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 assigned a Buy rating to the stock. According to MarketBeat, Ur Energy currently has a consensus rating of “Buy” and a consensus target price of $2.36.

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.