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UR-Energy (TSE:URE)
TSX:URE
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -5.26%
|Next Earnings Date:Jul 27, 2018
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.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.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.
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TSE:URE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:URE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$1.71 | C$1.68 | -1.75% |
| Aug 09, 2024 | C$1.38 | C$1.38 | 0.00% |
| May 06, 2024 | C$2.43 | C$2.46 | +1.23% |
| Mar 06, 2024 | C$2.10 | C$2.15 | +2.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UR-Energy (TSE:URE) report earnings?
UR-Energy (TSE:URE) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is UR-Energy (TSE:URE) earnings time?
UR-Energy (TSE:URE) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:URE EPS forecast?
TSE:URE EPS forecast for the fiscal quarter 2024 (Q4) is >-0.01.
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