B. Riley Weighs in on Ur-Energy Inc.’s Q1 2024 Earnings (NYSEAMERICAN:URG)

Ur-Energy Inc. (NYSEAMERICAN:URGFree Report) (TSE:URE) – Equities researchers at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for shares of Ur-Energy in a research report issued to clients and investors on Thursday, February 1st. B. Riley analyst M. Key expects that the basic materials company will earn $0.00 per share for the quarter. B. Riley has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.12) per share. B. Riley also issued estimates for Ur-Energy’s Q2 2024 earnings at $0.00 EPS, Q3 2024 earnings at $0.02 EPS, FY2024 earnings at $0.04 EPS, FY2025 earnings at $0.10 EPS and FY2026 earnings at $0.23 EPS.

URG has been the subject of several other research reports. Roth Mkm decreased their target price on Ur-Energy from $2.50 to $2.40 and set a “buy” rating for the company in a research report on Wednesday, January 31st. StockNews.com raised Ur-Energy to a “sell” rating in a research report on Sunday, December 3rd. Finally, HC Wainwright decreased their target price on Ur-Energy from $2.80 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ur-Energy has a consensus rating of “Moderate Buy” and an average price target of $2.59.

Read Our Latest Research Report on URG

Ur-Energy Stock Down 1.5 %

URG opened at $1.95 on Monday. Ur-Energy has a one year low of $0.82 and a one year high of $2.01. The company has a market cap of $528.26 million, a price-to-earnings ratio of -16.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.71 and a quick ratio of 5.31.

Institutional Trading of Ur-Energy

Institutional investors have recently added to or reduced their stakes in the business. Segra Capital Management LLC purchased a new position in shares of Ur-Energy in the 1st quarter worth $5,290,000. Alps Advisors Inc. boosted its stake in shares of Ur-Energy by 20.5% in the 3rd quarter. Alps Advisors Inc. now owns 18,349,308 shares of the basic materials company’s stock worth $28,258,000 after buying an additional 3,118,647 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ur-Energy by 26.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,253,973 shares of the basic materials company’s stock worth $21,951,000 after buying an additional 2,956,468 shares during the last quarter. Lloyd Harbor Capital Management LLC boosted its stake in shares of Ur-Energy by 48.9% in the 2nd quarter. Lloyd Harbor Capital Management LLC now owns 8,142,791 shares of the basic materials company’s stock worth $8,550,000 after buying an additional 2,675,582 shares during the last quarter. Finally, Azarias Capital Management L.P. boosted its stake in shares of Ur-Energy by 13.2% in the 4th quarter. Azarias Capital Management L.P. now owns 14,419,099 shares of the basic materials company’s stock worth $22,205,000 after buying an additional 1,686,286 shares during the last quarter. 43.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robby Sai Kit Chang sold 50,527 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $1.66, for a total value of $83,874.82. Following the sale, the director now owns 73,572 shares in the company, valued at approximately $122,129.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ur-Energy news, Director Robby Sai Kit Chang sold 50,527 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $1.66, for a total transaction of $83,874.82. Following the sale, the director now directly owns 73,572 shares in the company, valued at approximately $122,129.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary C. Huber sold 55,653 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $1.66, for a total value of $92,383.98. Following the sale, the director now owns 308,923 shares in the company, valued at $512,812.18. The disclosure for this sale can be found here. Insiders have sold 288,822 shares of company stock worth $469,873 in the last 90 days. Insiders own 3.35% of the company’s stock.

About Ur-Energy

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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.

Further Reading

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