Ventum Cap Mkts Lowers Earnings Estimates for Ur-Energy

Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) – Ventum Cap Mkts reduced their FY2027 earnings per share estimates for Ur-Energy in a research note issued on Monday, February 3rd. Ventum Cap Mkts analyst A. Terentiew now expects that the basic materials company will post earnings of $0.07 per share for the year, down from their prior estimate of $0.10. The consensus estimate for Ur-Energy’s current full-year earnings is ($0.14) per share.

Separately, Roth Mkm reiterated a “buy” rating and issued a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research note on Wednesday, October 23rd.

Ur-Energy Stock Performance

Shares of URG opened at $1.09 on Wednesday. Ur-Energy has a twelve month low of $0.96 and a twelve month high of $2.01.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $6.40 million during the quarter, compared to analysts’ expectations of $9.67 million.

Hedge Funds Weigh In On Ur-Energy

Several hedge funds have recently added to or reduced their stakes in URG. The Manufacturers Life Insurance Company raised its position in shares of Ur-Energy by 16,425.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,650,333 shares of the basic materials company’s stock valued at $21,004,000 after acquiring an additional 17,543,525 shares during the last quarter. Fourth Sail Capital LP bought a new stake in Ur-Energy in the third quarter valued at about $20,840,000. Segra Capital Management LLC lifted its stake in Ur-Energy by 47.2% in the third quarter. Segra Capital Management LLC now owns 20,945,798 shares of the basic materials company’s stock valued at $25,067,000 after buying an additional 6,718,094 shares during the period. Mirabella Financial Services LLP bought a new position in Ur-Energy during the third quarter worth about $3,209,000. Finally, Acuitas Investments LLC acquired a new position in shares of Ur-Energy during the 4th quarter worth about $2,340,000. Institutional investors own 57.51% of the company’s stock.

Ur-Energy Company Profile

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.