Ur-Energy Inc. (AMEX:URG) Is 21.31% Above Its 52-Week Low, But Will It Continue To Rise?

Ur-Energy Inc. (AMEX:URG)’s traded shares stood at 0.54 million during the latest session, with the company’s beta value hitting 1.12. At the last check today, the stock’s price was $1.22, to imply an increase of 0.83% or $0.01 in intraday trading. The URG share’s 52-week high remains $2.01, putting it -64.75% down since that peak but still an impressive 21.31% since price per share fell to its 52-week low of $0.96. The company has a valuation of $441.97M, with an average of 6.97 million shares in intraday trading volume over the past 10 days and average of 3.94 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Ur-Energy Inc. (URG), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give URG a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.0.

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Ur-Energy Inc. (AMEX:URG) trade information

After registering a 0.83% upside in the latest session, Ur-Energy Inc. (URG) has traded red over the past five days. The 5-day price performance for the stock is 2.52%, and 11.93% over 30 days. With these gigs, the year-to-date price performance is -20.78%. Short interest in Ur-Energy Inc. (AMEX:URG) saw shorts transact 19.06 million shares and set a 7.12 days time to cover.

The extremes give us $3.4 and $3.4 for target low and target high price respectively. As such, URG has been trading -178.69% off suggested target high and -178.69% from its likely low.

Ur-Energy Inc. (URG) estimates and forecasts

Looking at statistics comparing Ur-Energy Inc. share performance against respective industry, we note that the company has outperformed competitors. Ur-Energy Inc. (URG) shares are -29.07% down over the last 6 months, with its year-to-date growth rate higher than industry average at 25.00% against 19.00%. Revenue is forecast to grow 100.00% this quarter before jumping 100.00% for the next one. The rating firms project that company’s revenue will grow 80.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 11.07M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 17.4M.Earnings reports from the last fiscal year show that sales brought in 5.75M and 5.44M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 92.50% before jumping 219.80% in the following quarter.

URG Dividends

Ur-Energy Inc. has its next earnings report out on 2024-Aug-09. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Ur-Energy Inc. (AMEX:URG)’s Major holders

Ur-Energy Inc. insiders hold 1.34% of total outstanding shares, with institutional holders owning 65.65% of the shares at 66.54% float percentage. In total, 65.65% institutions holds shares in the company, led by MMCAP INTERNATIONAL INC. SPC. As of 2024-06-30, the company held over 22.78 million shares (or 7.9553% of shares), all amounting to roughly $31.89 million.

The next major institution holding the largest number of shares is ALPS ADVISORS INC with 22.56 million shares, or about 7.8767% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $31.58 million.

We also have Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF as the top two Mutual Funds with the largest holdings of the Ur-Energy Inc. (URG) shares. Going by data provided on Aug 31, 2024, Global X Fds-Global X Uranium ETF holds roughly 17.54 shares. This is just over 4.84% of the total shares, with a market valuation of $21.4 million. Data from the same date shows that the other fund manager holds a little less at 15.91, or 4.39% of the shares, all valued at about 19.41 million.