UR-Energy (URG)
:URG
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UR-Energy
(URG)
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Rating:54Neutral
Price Target:
$2.00
▲(22.70% Upside)
Action:ReiteratedDate:04/17/26
The score is held back primarily by weak financial performance (losses and ongoing cash burn alongside rising leverage). Offsetting this are constructive technical signals (price above key moving averages) and a relatively positive earnings call focused on operational progress and 2026 delivery plans, though regulatory, cost, and product-loan risks remain. Valuation is not supportive given negative earnings and no dividend.
Positive Factors
Shirley Basin Initial Production
Bringing Shirley Basin into initial production materially increases Ur‑Energy's U.S. licensed capacity and operational optionality. Integration with Lost Creek processing leverages existing infrastructure, supporting multi‑year output (9yr mine life) and strengthening the company’s domestic supply role.
Negative Factors
Persistent Negative Cash Flow
Recurring negative operating and free cash flow means Ur‑Energy remains dependent on external capital to fund operations and growth. Continued cash burn increases refinancing and dilution risk, constraining strategic flexibility if uranium prices or contracting slow down.
Read all positive and negative factors
Positive Factors
Negative Factors
Shirley Basin Initial Production
Bringing Shirley Basin into initial production materially increases Ur‑Energy's U.S. licensed capacity and operational optionality. Integration with Lost Creek processing leverages existing infrastructure, supporting multi‑year output (9yr mine life) and strengthening the company’s domestic supply role.
Read all positive factors
UR-Energy (URG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$711.22M
Dividend YieldN/A
Average Volume (3M)8.11M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth-19.28%
EPS Growth-20.87%
CountryUS
Employees101
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.20
Shares Outstanding397,331,850
10 Day Avg. Volume5,925,282
30 Day Avg. Volume8,109,444
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/Revenue23.80
Enterprise Value/Gross Profit-36.52
Enterprise Value/Ebitda-9.21
Forecast
1Y Price Target
$2.15Price Target Upside31.80% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.08
Revenue Forecast (FY)$88.73M
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 and selling uranium concentrate (U3O8, commonly called yellowcake) from its ISR operations at the Lost Creek Project. Revenue is generated when the company delivers U3O8 under uranium sales agreements (...
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
Positive
1.63
Price Trends
1.55
Positive
1.55
Positive
1.49
Positive
Market Momentum
0.02
Negative
57.32
Neutral
86.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For URG, the sentiment is Positive. The current price of 1.63 is above the 20-day moving average (MA) of 1.51, above the 50-day MA of 1.55, and above the 200-day MA of 1.49, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 57.32 is Neutral, neither overbought nor oversold. The STOCH value of 86.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $564.90M | 7.56 | 14.41% | 3.19% | 32.61% | 12.57% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $655.07M | -169.84 | 1.36% | ― | 30.83% | 87.17% | |
56 Neutral | $4.06B | 56.06 | 18.29% | ― | 1.52% | -0.53% | |
56 Neutral | $5.38B | -39.51 | -13.16% | ― | -15.61% | -38.44% | |
55 Neutral | $7.32B | -149.77 | -7.09% | ― | -69.78% | -15.01% | |
54 Neutral | $711.22M | -8.43 | -76.17% | ― | -19.28% | -20.87% |
* Energy Sector Average
URG
UR-Energy
1.79
1.07
147.24%
SD
SandRidge Energy
15.34
6.52
74.00%
UEC
Uranium Energy
14.94
9.70
185.11%
LEU
Centrus Energy
206.64
134.98
188.36%
SMC
Summit Midstream
32.20
4.85
17.73%
UUUU
Energy Fuels
21.66
17.13
378.15%
UR-Energy Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Ur-Energy Expands At-The-Market Equity Offering Capacity
Positive
Apr 16, 2026
On April 6, 2026, Ur-Energy filed a new shelf registration statement on Form S-3, which became effective on April 16, 2026, and simultaneously updated the prospectus supplement for its existing at-the-market equity program with B. Riley Securities...
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.