UR-Energy (URE) AI Stock Analysis

• Market Cap: C$791.05M
• Dividend Yield: N/A
• Average Volume (3M): 427.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: 36.51%
• EPS Growth: -14.93%
• Country: CA
• Employees: 101
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.05
• Shares Outstanding: 397,328,220
• 10 Day Avg. Volume: 663,835
• 30 Day Avg. Volume: 427,487
• PEG Ratio: -0.39
• Price to Book (P/B): 6.61
• Price to Sales (P/S): 18.82
• P/FCF Ratio: -7.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.86
• Price Target Upside: 45.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): -0.09
• Revenue Forecast (FY): C$126.20M

• Rating: 46 Neutral
• Price Target: ―
• Action: N/A Date: 01/28/25
• Date: Action: N/A 01/28/25

UR-Energy is facing significant challenges primarily due to negative profitability and cash flow issues. Despite maintaining a strong equity base, the stock's technical indicators suggest a bearish trend, and its valuation metrics indicate potential overvaluation. Improvement in operational efficiency and cash management is crucial for future performance.

Positive Factors

Sustained production improvement

Material, repeatable gains in pounds drummed and captured signal durable operational improvement and learning across ISR operations. Higher and more reliable throughput supports lower per‑unit fixed cost absorption, improves margin sustainability as scale rises, and bolsters the ability to meet contracted deliveries over multiple years.

Large resource base and extended mine life

Significant measured & indicated resources and an extended mine life at Lost Creek provide a multi‑year production runway. This underpins long‑term revenue potential, supports capital planning for staged ramp, and strengthens project economics and reserve-backed cash flow visibility for investor and lender confidence.

Strengthened liquidity position

A sizable cash balance and near‑term expected proceeds materially reduce immediate funding pressure during commissioning and ramp phases. This liquidity buffer supports capital spend for Shirley Basin and plant improvements, lowers short‑term refinancing risk, and gives management flexibility to execute multi‑year development plans.

Negative Factors

Persistent negative operating cash flow

Sustained negative operating and free cash flow means the business requires ongoing external funding to cover operations and growth. Over months this erodes financial flexibility, forces dilutive or debt financing, and raises execution risk if production ramp or price realizations don't convert into positive cash generation.

Outstanding product loan obligation

A repayment obligation denominated in physical uranium creates timing and delivery risk: if production or inventory timing slips, the company may need to divert sales or procure pounds at market prices, pressuring margins and reducing available pounds for contracted sales during a critical ramp period, materially affecting cash flow.

Rising leverage and weaker balance‑sheet dynamics

A step‑up in leverage reduces financial resilience against operational setbacks and price volatility. If losses and cash burn continue, higher debt servicing or covenant pressure could constrain discretionary spending, increase refinancing needs, and limit the company's ability to invest in efficiency improvements that are key to long‑term margin improvement.

UR-Energy Business Overview & Revenue Model

Company Description

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 48,000 acres located in the Great Divide Basin, Wyoming. The company was incorporated in 2004 and is headquartered in Littleton, Colorado.

How the Company Makes Money

UR-Energy generates revenue primarily through the sale of uranium concentrate produced from its mining operations. The company's revenue model is heavily reliant on long-term sales contracts and spot market sales, allowing it to capitalize on fluctuating uranium prices. Key revenue streams include contracts with utility companies that purchase uranium for use in nuclear power generation. Additionally, URG benefits from strategic partnerships and alliances within the nuclear energy sector, enhancing its market reach and stability. The company also explores opportunities for joint ventures and collaborations that can further boost its earnings potential.

UR-Energy Financial Statement Overview

Summary

UR-Energy faces challenges with profitability and cash flow sustainability, though it maintains a solid equity base. The ongoing losses and negative margins reflect operational difficulties, yet the company's ability to raise capital has bolstered its cash position. Continued attention to improving operational efficiency and reducing cash burn is essential.

Income Statement

UR-Energy's income statement reveals significant challenges. Despite a notable revenue growth rate of 104.35% in the latest year, the company continues to face negative margins across the board, with a net profit margin of -157.80% and an EBIT margin of -187.17%. These figures indicate persistent profitability issues, overshadowing the positive revenue trajectory.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.009, suggesting minimal leverage risk. However, the return on equity is negative at -40.05%, reflecting ongoing losses and inefficiencies in generating returns for shareholders. The equity ratio stands at a healthy level, indicating a solid capital structure despite profitability challenges.

Cash Flow

UR-Energy's cash flow statement highlights significant cash flow challenges, with a negative operating cash flow and free cash flow. The free cash flow to net income ratio is positive at 1.13, indicating that cash flow is slightly better than net income, but the overall cash flow situation remains concerning due to negative growth and operating cash flow coverage ratios.

Breakdown	Dec 2025	Mar 2025	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.21M	33.71M	17.68M	19.00K	16.00K
Gross Profit	-60.50M	-8.97M	-1.69M	-6.84M	-6.98M
EBITDA	-62.34M	-59.97M	-27.86M	-13.66M	-18.37M
Net Income	-74.90M	-53.19M	-30.66M	-17.14M	-22.94M
Balance Sheet
Total Assets	272.46M	194.13M	128.38M	107.89M	120.84M
Cash, Cash Equivalents and Short-Term Investments	123.86M	76.06M	59.70M	33.00M	46.19M
Total Debt	68.22M	1.24M	6.54M	11.08M	12.34M
Total Liabilities	195.01M	61.33M	53.51M	45.40M	51.45M
Stockholders Equity	77.45M	132.80M	74.87M	62.50M	69.39M
Cash Flow
Free Cash Flow	-66.75M	-80.96M	-19.02M	-18.80M	-12.89M
Operating Cash Flow	-43.13M	-71.92M	-16.98M	-18.09M	-11.70M
Investing Cash Flow	-23.62M	-9.05M	-2.04M	-709.00K	-1.19M
Financing Cash Flow	114.93M	99.89M	46.09M	5.89M	54.87M

UR-Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:URE, the sentiment is Negative. The current price of 1.97 is below the 20-day moving average (MA) of 2.11, below the 50-day MA of 2.27, and below the 200-day MA of 1.99, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 43.66 is Neutral, neither overbought nor oversold. The STOCH value of 20.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:URE.

UR-Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SD	77 Outperform	$619.03M	6.13	14.41%	3.19%	29.52%	41.02%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SMC	61 Neutral	$594.35M	-80.44	1.44%	―	17.09%	72.64%
UUUU	56 Neutral	$4.05B	-39.51	-13.16%	―	103.69%	-126.48%
LEU	54 Neutral	$3.67B	56.06	18.29%	―	15.25%	37.48%
UEC	53 Neutral	$5.93B	-149.77	-7.09%	―	189.19%	-38.15%
URE	46 Neutral	C$791.05M	-6.84	-76.17%	―	36.51%	-14.93%

UR-Energy Corporate Events

Ur-Energy Announces $100 Million Convertible Notes Offering

Ur-Energy has announced the pricing of a $100 million offering of 4.75% Convertible Senior Notes due 2031, aimed at raising capital for project development and general corporate purposes. The offering, which is expected to close on December 15, 2025, is designed to mitigate potential economic dilution and enhance the company’s financial flexibility, potentially impacting its market position and providing opportunities for growth.

The most recent analyst rating on (URG) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.

Ur-Energy Proposes $100 Million Convertible Notes Offering

Ur-Energy Inc. has announced a proposed private placement of $100 million in Convertible Senior Notes due 2031, with an option for initial purchasers to acquire an additional $20 million. The proceeds from this offering are intended for project development and general corporate purposes, with capped call transactions planned to mitigate potential economic dilution. This move could influence the market price of Ur-Energy’s common shares and trading price of the notes, impacting stakeholders’ decisions on conversions and investments.

The most recent analyst rating on (URG) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.

Ur-Energy Announces Leadership Transition with New General Counsel

Ur-Energy has announced the retirement of Penne Goplerud, its General Counsel and Corporate Secretary, effective January 6, 2026, as part of its long-term leadership succession planning. Alex Ritchie, who has extensive experience in natural resources law and corporate governance, will succeed her, bringing expertise that is expected to strengthen Ur-Energy’s strategic execution and maintain its high standards in compliance and risk management.

The most recent analyst rating on (URG) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.

Ur-Energy Advances Uranium Production with Strong Q3 Results

Ur-Energy has reported its Q3 2025 financial results, highlighting continued progress at its Lost Creek and Shirley Basin projects. The company produced 93,523 pounds of U3O8 and sold 110,000 pounds during the quarter, generating $6.3 million in revenue. With construction advancing at Shirley Basin, Ur-Energy is on track to start uranium production in Q1 2026, positioning itself to benefit from the U.S. government’s substantial investment in nuclear energy. The company’s operations are supported by a strong safety program and a solid cash position, despite a decrease in cash and cash equivalents over the past year.

The most recent analyst rating on (URG) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.

Ur-Energy to Participate in 2025 Maxim Growth Summit

Ur-Energy announced its participation in the 2025 Maxim Growth Summit in New York, where it will engage with institutional investors and participate in a panel discussion on critical mineral supply chain development. This involvement highlights Ur-Energy’s active role in the uranium mining industry and its commitment to engaging with key stakeholders and industry leaders.

The most recent analyst rating on (URG) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.

Ur-Energy Announces Leadership Transition with New CEO Appointment

Ur-Energy announced the retirement of CEO John Cash, effective December 12, 2025, with President Matthew Gili set to succeed him. Cash, who has been with the company since 2007, will continue as Chairman of the Board and a strategic advisor. Under Cash’s leadership, Ur-Energy secured significant uranium sales agreements and advanced key projects like Lost Creek and Shirley Basin. Gili, with extensive experience in the mining sector, is expected to lead the company toward becoming a leading U.S. uranium miner. The transition is part of Ur-Energy’s long-term leadership succession planning, aiming to capitalize on the growing nuclear industry and ensure continued growth.

The most recent analyst rating on (URG) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.

Ur-Energy to Join TD Cowen’s Nuclear Industry Roundtable

Ur-Energy announced its participation in TD Cowen’s 10th Annual Nuclear Fuel Cycle and Next Generation Nuclear Roundtable, highlighting its engagement in the nuclear industry. This participation underscores Ur-Energy’s active role in the nuclear sector and may enhance its industry positioning by showcasing its capabilities and future projects to stakeholders.

The most recent analyst rating on (URG) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.