UR-Energy (URG)
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UR-Energy
(URG)
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Rating:49Neutral
Price Target:
$1.50
▲(0.00% Upside)
Action:ReiteratedDate:03/13/26
The score is held down primarily by weak financial performance (losses and sustained negative free cash flow) and only neutral technicals. This is partially offset by a more positive earnings-call outlook driven by operational improvements, planned 2026 deliveries, and progress toward Shirley Basin—though execution, regulatory timing, and repayment-in-kind obligations remain meaningful risks.
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
UR-Energy (URG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$595.99M
Dividend YieldN/A
Average Volume (3M)11.57M
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth138.94%
EPS Growth-62.94%
CountryUS
Employees101
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.04
Shares Outstanding397,328,220
10 Day Avg. Volume16,858,021
30 Day Avg. Volume11,567,777
Financial Highlights & Ratios
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 Cap0.91
Enterprise Value/Revenue19.86
Enterprise Value/Gross Profit-30.47
Enterprise Value/Ebitda-7.68
Forecast
1Y Price Target
$2.09Price Target Upside39.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$91.38M
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...
How the Company Makes Money
UR-Energy makes money primarily by producing uranium and selling it to customers in the nuclear fuel market. Its core revenue stream is the sale of uranium concentrates (U3O8) produced from its in-situ recovery (ISR) operations in Wyoming, where u...
UR-Energy Earnings Call Summary
Earnings Call Date:Mar 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution, meaningful resource and economic improvements at Lost Creek, tangible progress toward commissioning Shirley Basin, a strengthened balance sheet, and active exploration programs—these are significant positives. However, near-term risks remain: pending regulatory approvals for Shirley Basin (a gating item), weather-related operational disruptions, an outstanding product loan due in November, ongoing plant-level issues (fines management) that affect unit costs, and modest absolute profitability to date. On balance, the positive operational and resource developments, the improved project economics, and available funding outweigh the challenges and uncertainties noted.Positive Updates
Inventory Growth at Lost Creek
Ended 2025 with 406,000 pounds in inventory at Lost Creek, a 21% increase versus 2024.
Negative Updates
Regulatory Approvals Still Pending for Shirley Basin
Shirley Basin startup requires state environmental approvals (wellfield data package); approvals are 'on track' but remain a gating item and could be subject to delays due to stretched regulator resources.
Read all updates
Q4-2025 Updates
Positive
Negative
Inventory Growth at Lost Creek
Ended 2025 with 406,000 pounds in inventory at Lost Creek, a 21% increase versus 2024.
Read all positive updates
Company Guidance
Management guided that it expects to meet 2026 deliveries of 1,300,000 pounds using year‑end inventory (406,000 lbs, +21% vs. 2024) plus new production from Lost Creek and Shirley Basin (March 4 conversion inventory 379,000 lbs; 250,000‑lb loan due in November noted as a contingency), highlighted operational gains including a 65% YoY increase in pounds drummed, 40% increase in pounds captured, profit per pound up >$12, and an average cash cost per pound sold of $42.89 (including severance/ad valorem); Shirley Basin all‑in cost ~$50/lb. Key resource/economic metrics: Lost Creek M&I 11.9M lbs, inferred 10.4M lbs, mine life extended ~3 years, post‑tax net cash flow $442M, NPV@8% $244M, IRR ~66%; Shirley Basin M&I 8.8M lbs, 9‑yr mine life, post‑tax $119M, NPV@8% $82M, IRR 69%. Balance sheet and execution: $123.9M cash YE2025 ($115.3M as of 3/4/26) plus $18.5M expected from warrant exercises, positive gross profit $74k, workforce +55% (56 hires), 469 wells drilled at Shirley Basin, plan to start moving solution in March and ship resin in Q2, and ongoing North Hassel/Lost Creek South drilling programs (32 holes/33,000 ft to date at North Hassel, 50‑hole program to finish, 120‑hole program planned at Lost Creek South).UR-Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
22
Negative
| 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
Neutral
1.50
Price Trends
1.66
Negative
1.52
Negative
1.45
Positive
Market Momentum
-0.06
Positive
47.48
Neutral
32.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For URG, the sentiment is Neutral. The current price of 1.5 is below the 20-day moving average (MA) of 1.54, below the 50-day MA of 1.66, and above the 200-day MA of 1.45, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 47.48 is Neutral, neither overbought nor oversold. The STOCH value of 32.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for URG.
UR-Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $599.15M | 7.56 | 14.41% | 3.19% | 29.52% | 41.02% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $603.84M | -169.84 | 1.44% | ― | 17.09% | 72.64% | |
56 Neutral | $4.30B | -39.51 | -13.16% | ― | 103.69% | -126.48% | |
54 Neutral | $3.81B | 56.06 | 18.29% | ― | 15.25% | 37.48% | |
49 Neutral | $595.99M | -6.84 | -76.17% | ― | 138.94% | -62.94% | |
48 Neutral | $6.13B | -149.77 | -7.09% | ― | 189.19% | -38.15% |
* Energy Sector Average
URG
UR-Energy
1.50
0.72
93.05%
SD
SandRidge Energy
16.27
5.49
50.91%
UEC
Uranium Energy
12.51
7.19
135.15%
LEU
Centrus Energy
193.61
119.88
162.59%
SMC
Summit Midstream
31.84
-3.86
-10.81%
UUUU
Energy Fuels
17.79
13.61
325.60%
UR-Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ur-Energy Reports Strong 2025 Results and Growth Plans
Positive
Mar 12, 2026
On March 10, 2026, Ur-Energy reported its year-end 2025 results, highlighting a 65% increase in U3O8 pounds drummed at Lost Creek to 410,440 pounds and stronger plant performance, which reduced per-pound costs and improved profit margins. The comp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.