Ur Energy (NYSEAMERICAN:URG) Posts Earnings Results, Meets Estimates

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) posted its quarterly earnings results on Monday. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04), FiscalAI reports. The firm had revenue of $12.43 million during the quarter, compared to analysts’ expectations of $14.37 million. Ur Energy had a negative net margin of 191.64% and a negative return on equity of 103.27%.

Ur Energy Stock Performance

NYSEAMERICAN:URG opened at $0.68 on Wednesday. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. Ur Energy has a fifty-two week low of $0.62 and a fifty-two week high of $2.15. The stock has a market cap of $270.15 million, a PE ratio of -3.57 and a beta of 1.21. The firm’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $1.41.

Insiders Place Their Bets

In related news, Director Gary C. Huber sold 87,858 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the sale, the director owned 558,016 shares in the company, valued at $825,863.68. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jade Walle acquired 96,556 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average cost of $1.14 per share, for a total transaction of $110,073.84. Following the acquisition, the vice president owned 424,037 shares of the company’s stock, valued at $483,402.18. This represents a 29.48% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 182,137 shares of company stock worth $221,773 and have sold 587,005 shares worth $838,231. 1.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

URG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. B. Riley Financial dropped their target price on Ur Energy from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Finally, HC Wainwright cut their target price on Ur Energy from $2.20 to $1.80 and set a “buy” rating for the company in a research note on Tuesday. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $2.17.

About Ur Energy

Ur-Energy Inc. is a U.S. uranium mining company focused on the exploration, development and recovery of uranium. The company uses in-situ recovery (ISR), a method that circulates a solution through underground uranium deposits and brings the dissolved uranium to the surface for processing. Its principal projects are in Wyoming, including the Lost Creek uranium facility in Sweetwater County and the Shirley Basin project. Ur-Energy’s product is uranium concentrate, which is supplied to the nuclear fuel cycle for further processing.