FY2024 EPS Estimates for Ur-Energy Cut by Ventum Cap Mkts

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Stock analysts at Ventum Cap Mkts lowered their FY2024 earnings per share estimates for Ur-Energy in a research note issued to investors on Monday, February 3rd. Ventum Cap Mkts analyst A. Terentiew now expects that the basic materials company will earn ($0.13) per share for the year, down from their prior forecast of ($0.12). The consensus estimate for Ur-Energy’s current full-year earnings is ($0.14) per share. Ventum Cap Mkts also issued estimates for Ur-Energy’s FY2025 earnings at ($0.04) EPS.

Separately, Roth Mkm reissued a “buy” rating and set a $2.20 target price (up previously from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd.

Ur-Energy Price Performance

NYSEAMERICAN URG opened at $1.07 on Thursday. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $2.00.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $6.40 million during the quarter, compared to analyst estimates of $9.67 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bridgewater Associates LP boosted its holdings in Ur-Energy by 8.0% in the third quarter. Bridgewater Associates LP now owns 213,635 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 15,841 shares during the period. JPMorgan Chase & Co. increased its position in shares of Ur-Energy by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 147,268 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 26,531 shares in the last quarter. FMR LLC increased its position in shares of Ur-Energy by 1,864.0% during the third quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 28,016 shares in the last quarter. Brave Asset Management Inc. purchased a new stake in Ur-Energy during the 4th quarter valued at approximately $41,000. Finally, Verity Asset Management Inc. raised its stake in Ur-Energy by 14.1% during the 4th quarter. Verity Asset Management Inc. now owns 297,896 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 36,822 shares during the last quarter. 57.51% of the stock is currently owned by hedge funds and other institutional investors.

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.