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UR-Energy Inc (TSE:URE)
:URE
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UR-Energy
(NYSE MKT:URE)
46Neutral
Positive Factors
Financial Performance
The company recorded an improved revenue of $6.4M in 3Q24 compared to $5.8M in 3Q23, indicating an upward trend in earnings.
Production Capacity
Six Header Houses came online during 2024, enhancing the company’s production capacity.
Negative Factors
Market Demand
Strong demand for U.S.-sourced uranium is expected, potentially even at a premium to foreign materials.
UR-Energy (URE) vs. S&P 500 (SPY)
Market Cap
C$426.00M
Dividend YieldN/A
Average Volume (3M)115.33K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth36.51%
EPS Growth-14.93%
CountryCA
Employees12
SectorEnergy
Sector Strength76
IndustryOther Energy Sources
Share Statistics
EPS (TTM)-0.18
Shares Outstanding364,101,040
10 Day Avg. Volume136,501
30 Day Avg. Volume115,335
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)17.90
Price to Cash Flow (P/CF)-10.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.94Price Target Upside236.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
UR-Energy Business Overview & Revenue Model
Company DescriptionUR-Energy Inc. is a uranium mining company primarily engaged in the acquisition, exploration, development, and operation of uranium properties in the United States. The company operates in the energy sector and focuses on producing and supplying uranium concentrates for nuclear energy production. UR-Energy's flagship project, the Lost Creek in-situ recovery uranium facility in Wyoming, is central to its operations, providing a significant portion of its uranium production capacity.
How the Company Makes MoneyUR-Energy makes money by extracting and selling uranium concentrates, primarily focusing on supplying the nuclear energy sector. The company's revenue model is based on the production and sale of uranium from its Lost Creek facility, where it uses in-situ recovery techniques to extract uranium efficiently and cost-effectively. Key revenue streams include long-term supply contracts with utility companies that operate nuclear power plants. These contracts often provide a stable and predictable income for the company. Additionally, UR-Energy may engage in spot market sales, where uranium is sold at current market prices, depending on market conditions. Strategic partnerships, such as agreements with other mining companies or government entities, can also contribute to its financial performance by enhancing its production capabilities or expanding its market reach.
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
The company shows significant volatility in revenue with a noticeable decline from 2019 to 2024. The gross profit margin is low, and the net profit margin is negative, indicating persistent losses. EBIT and EBITDA margins are also negative, highlighting operational inefficiencies.40
Negative
Balance Sheet
The balance sheet indicates a stable equity position with an improving debt-to-equity ratio due to reduced total debt. However, the company has been consistently operating at a loss, impacting return on equity negatively. The equity ratio remains strong, suggesting a solid capital structure.60
Neutral
Cash Flow
Operating cash flows are negative, indicating cash burn issues. Nonetheless, the company has managed to maintain strong cash reserves through financing activities. The free cash flow to net income ratio is unfavorable, pointing to significant cash outflows relative to income.50
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 16.49M | 17.68M | 19.00K | 16.00K | 8.32M | 32.26M | Gross Profit |
| 1.36M | -1.69M | -6.84M | -6.98M | -4.65M | 1.98M | EBIT |
| -47.95M | -30.84M | -19.79M | -16.76M | -13.34M | -8.28M | EBITDA |
| -45.16M | -27.86M | -15.52M | -12.02M | -9.06M | -3.34M | Net Income Common Stockholders |
| -38.60M | -30.66M | -14.49M | -24.58M | -15.51M | -9.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.92M | 59.70M | 33.00M | 46.19M | 4.27M | 7.75M | Total Assets |
| 97.09M | 128.38M | 107.89M | 120.84M | 81.83M | 90.39M | Total Debt |
| 13.47M | 6.54M | 11.08M | 12.34M | 13.23M | 12.23M | Net Debt |
| 9.56M | -53.16M | -21.93M | -33.85M | 8.96M | 4.47M | Total Liabilities |
| 49.36M | 53.51M | 45.40M | 51.45M | 47.73M | 46.06M | Stockholders Equity |
| 47.73M | 74.87M | 62.50M | 69.39M | 34.10M | 44.33M |
| Cash Flow | Free Cash Flow | ||||
| -38.63M | -19.02M | -18.80M | -12.89M | -8.49M | 3.71M | Operating Cash Flow |
| -32.81M | -16.98M | -18.09M | -11.70M | -8.44M | 3.99M | Investing Cash Flow |
| -5.82M | -2.04M | -709.00K | -1.19M | -25.00K | -243.00K | Financing Cash Flow |
| 104.92M | 46.09M | 5.89M | 54.87M | 5.33M | -2.42M |
UR-Energy Technical Analysis
Negative
1.17
Price Trends
1.50
Negative
1.62
Negative
1.69
Negative
Market Momentum
-0.09
Positive
37.55
Neutral
27.30
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 1.17 is below the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.50, and below the 200-day MA of 1.69, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 37.55 is Neutral, neither overbought nor oversold. The STOCH value of 27.30 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
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | $8.37B | 5.59 | -4.20% | 7.40% | 0.23% | -68.56% | |
46 Neutral | C$426.00M | ― | -34.14% | ― | 36.51% | -14.93% | |
38 Underperform | $3.93B | 27.25 | -7.77% | ― | ― | -197.27% | |
38 Underperform | C$1.81B | 33.72 | -4.64% | ― | ― | ― | |
37 Underperform | C$147.79M | ― | -4.27% | ― | 26.38% | 69.87% | |
31 Underperform | C$15.10M | ― | -911.04% | ― | ― | 15.98% | |
28 Underperform | C$134.68M | ― | -5.74% | ― | ― | -34.39% |
* Energy Sector Average
Performance Comparison
TSE:URE
UR-Energy
1.16
-0.79
-40.51%
TSE:NXE
NexGen Energy
6.79
-2.95
-30.29%
TSE:DML
Denison Mines
2.01
-0.42
-17.28%
TSE:GLO
Global Atomic
0.47
-2.57
-84.65%
TSE:LAM
Laramide Resources
0.58
-0.14
-19.44%
TSE:PTU
Purepoint Uranium
0.24
-0.21
-46.67%
UR-Energy Earnings Call Summary
Earnings Call Date: Mar 5, 2025 | % Change Since: -7.87% | Next Earnings Date: May 2, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive achievements in production increases, successful cash raises, and cost reductions, but also highlighted challenges in rising production costs and potential supply chain issues. The company's financial standing is strong, and they project growth in production and sales, although operational and market challenges remain.Highlights
Increased Production and Shipments
Ur-Energy increased production to 64,170 pounds in Q2 from 39,229 pounds in Q1—a 64% increase. The company delivered two shipments totaling 70,390 pounds compared to one shipment of 35,445 pounds in Q1.
Positive Financial Standing
The company ended the first six months of 2024 with $61.3 million in cash, up $1.6 million from December, driven by $4.6 million in sales proceeds and $37.2 million from the exercise of warrants and stock options.
Cost Reduction Achievements
The total cash cost per pound drummed decreased from $69 in Q1 to $48 in Q2, with a year-to-date average of $56 per pound.
Strong Contractual Agreements
Sales are projected to be 570,000 pounds in 2024, with expected revenues of $33.1 million at about $58 per pound sold.
Growth in Drill Rig Operations
The company increased its drill rig count to 15, expecting more to come, which aids in improving operational efficiency at Lost Creek and Shirley Basin.
Significant Cash Raise
Ur-Energy completed an underwritten public offering, grossing approximately $69 million to fund ramp-up at Lost Creek and development at Shirley Basin.
Lowlights
Increased Production Costs
Average cost per pound at the conversion facility increased from $28 at the end of 2023 to $39 in Q1 and to $48 in Q2.
Operational Challenges
Challenges were noted in training manpower and improving plant efficiencies, although progress is being made.
High Operating Costs
The company spent $26 million on operating costs in Q2, with $21 million attributed to development costs, mainly for well field development at Lost Creek.
Supply Chain Concerns
Potential supply chain issues for electrical equipment at Shirley Basin could affect future operations, although no immediate delays are reported.
Company Guidance
In the Q2 2024 earnings call for Ur-Energy, the company provided guidance and insights into its financial and operational performance. Production for the quarter saw a significant increase, with 64,170 pounds drummed compared to 39,229 pounds in Q1, marking a 64% rise. Shipments also doubled, with 70,390 pounds delivered in Q2 versus 35,445 pounds in Q1. The cost per pound at the conversion facility rose from $28 at the end of 2023 to $48 by the end of Q2, reflecting increased production costs. The company ended the first half of 2024 with $61.3 million in cash, bolstered by $4.6 million in sales proceeds and $37.2 million from warrants and stock options. Operating costs for the quarter totaled $26 million, with significant expenditures on development and production costs. Ur-Energy expects to deliver 570,000 pounds in 2024, with realized revenues projected at $33.1 million at an average price of $58 per pound. The company remains focused on reducing production costs as plant production ramps up, with projections to decrease costs as production scales.UR-Energy Corporate Events
Ur-Energy’s CEO to Speak at 2025 Mining Conference
Jan 10, 2025
Ur-Energy announced that its Chairman and CEO, John Cash, will participate in the upcoming Maxim Group LLC 2025 Mining Conference, focusing on critical minerals and precious metals. This participation highlights Ur-Energy’s active engagement in industry discussions, potentially impacting its market presence and stakeholder relations.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.