UR-Energy (URG) AI Stock Analysis

• Market Cap: $549.27M
• Dividend Yield: N/A
• Average Volume (3M): 11.57M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.37
• Revenue Growth: 138.94%
• EPS Growth: -62.94%
• Country: US
• Employees: 101
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.07
• Shares Outstanding: 376,213,620
• 10 Day Avg. Volume: 16,858,021
• 30 Day Avg. Volume: 11,567,777
• PEG Ratio: -0.16
• Price to Book (P/B): 2.75
• Price to Sales (P/S): 10.84
• P/FCF Ratio: -4.51
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 8.32
• Enterprise Value/Gross Profit: -28.89
• Enterprise Value/Ebitda: -4.48
• 1Y Price Target: $2.24
• Price Target Upside: 53.42% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Neutral
• Price Target: $1.00 ▼(-31.51% Downside)

UR-Energy's overall stock score is primarily impacted by its financial performance, which is marked by persistent losses and negative cash flows. The technical analysis further indicates a bearish trend, while the valuation reflects the company's current unprofitability. The positive sentiment from the corporate event is noted but not weighted in this analysis.

Positive Factors

Revenue Growth

Significant revenue growth indicates strong demand for uranium and effective market positioning, which can drive long-term business expansion.

Leadership Transition

The planned leadership transition ensures strategic continuity and positions the company to leverage Gili's experience for future growth in the nuclear sector.

Market Position

Using ISR methods enhances UR-Energy's market position by aligning with sustainable practices, appealing to environmentally conscious stakeholders.

Negative Factors

Negative Cash Flows

Persistent negative cash flows indicate potential cash management issues, limiting the company's ability to invest in growth opportunities without external funding.

Profitability Challenges

Ongoing profitability challenges reflect operational inefficiencies, which may hinder the company's ability to generate sustainable profits and shareholder value.

Debt Offering

The new debt offering could increase financial leverage, potentially straining future cash flows and limiting financial flexibility if not managed prudently.

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, which is produced at its operating facilities. The company's revenue model is based on the pricing of uranium in the global market, where it sells its product to nuclear power plants under long-term contracts as well as in spot market transactions. Key revenue streams include contract sales to utilities, which provide a stable income, and opportunistic sales in a fluctuating market. Additionally, UR-Energy may benefit from partnerships and agreements with nuclear power operators, enhancing its market presence and securing future sales. The company's emphasis on sustainable mining practices and efficient production methods further contributes to its profitability by optimizing operational costs.

UR-Energy Financial Statement Overview

Summary

UR-Energy faces significant financial challenges, with persistent losses and negative cash flows. While the balance sheet shows a strong equity base, the company's inability to generate positive net income and cash flows represents a critical risk. Strategic improvements in operational efficiency and revenue growth are necessary for financial stability.

Income Statement

UR-Energy has experienced volatility in its revenue, with significant growth from 2022 to 2023 but overall inconsistent performance over the years. The company has persistently negative gross and net profit margins, reflecting ongoing challenges in achieving profitability. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies.

Balance Sheet

The company's balance sheet shows a strong equity position with stockholders' equity consistently higher than total liabilities, leading to a solid equity ratio. However, the debt-to-equity ratio is relatively low, indicating limited leverage which could constrain growth opportunities. The return on equity remains negative, reflecting continued losses.

Cash Flow

UR-Energy's cash flow situation is concerning, marked by negative operating cash flows and free cash flows. The company has not shown consistent improvement in free cash flow generation, indicating potential cash management issues. The high financing cash flows suggest reliance on external funding to support operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.41M	33.71M	17.68M	19.00K	16.00K	8.32M
Gross Profit	-11.35M	-8.97M	-1.69M	-6.84M	-6.98M	-4.65M
EBITDA	-73.14M	-59.97M	-27.86M	-13.66M	-18.37M	-9.81M
Net Income	-79.38M	-53.19M	-30.66M	-17.14M	-22.94M	-14.79M
Balance Sheet
Total Assets	170.95M	194.13M	128.38M	107.89M	120.84M	81.83M
Cash, Cash Equivalents and Short-Term Investments	52.03M	76.06M	59.70M	33.00M	46.19M	4.27M
Total Debt	19.32M	1.24M	6.54M	11.08M	12.34M	13.23M
Total Liabilities	80.27M	61.33M	53.51M	45.40M	51.45M	47.73M
Stockholders Equity	90.67M	132.80M	74.87M	62.50M	69.39M	34.10M
Cash Flow
Free Cash Flow	-81.69M	-80.96M	-19.02M	-18.80M	-12.89M	-8.49M
Operating Cash Flow	-63.94M	-71.92M	-16.98M	-18.09M	-11.70M	-8.44M
Investing Cash Flow	-17.74M	-9.05M	-2.04M	-709.00K	-1.19M	-25.00K
Financing Cash Flow	15.41M	99.89M	46.09M	5.89M	54.87M	5.33M

UR-Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.46 is above the 20-day moving average (MA) of 1.33, above the 50-day MA of 1.45, and above the 200-day MA of 1.17, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.57 is Neutral, neither overbought nor oversold. The STOCH value of 71.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for URG.

UR-Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SD	72 Outperform	$522.19M	7.92	14.08%	3.24%	29.52%	41.02%
LEU	68 Neutral	$4.77B	39.79	51.74%	―	15.25%	37.48%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
UUUU	60 Neutral	$3.58B	-31.08	-18.17%	―	103.69%	-126.48%
UEC	54 Neutral	$5.99B	-69.69	-7.29%	―	189.19%	-38.15%
SMC	51 Neutral	$498.22M	―	-1.23%	―	17.09%	72.64%
URG	40 Neutral	$549.27M	-6.72	-65.17%	―	138.94%	-62.94%

UR-Energy Corporate Events

Ur-Energy Announces $100M Convertible Notes Offering

On December 10, 2025, Ur-Energy announced a proposed $100 million offering of Convertible Senior Notes due 2031, with an option for initial purchasers to buy an additional $20 million in notes. The notes, which are senior unsecured obligations, will accrue interest semiannually and can be converted into cash or common shares under certain conditions. The company plans to use the proceeds for capped call transactions, project development, and general corporate purposes. This offering is subject to market conditions and regulatory approvals, and it could impact the market price of Ur-Energy’s common shares and notes.

UR-Energy Announces CEO Retirement and Succession Plan

Ur-Energy announced on October 13, 2025, that CEO John Cash will retire on December 12, 2025, with President Matthew Gili succeeding him as CEO and joining the Board of Directors. Cash, who has been with the company since 2007, will remain as Chairman and a strategic advisor. Under Cash’s leadership, Ur-Energy secured significant uranium sales agreements and advanced projects like Lost Creek and Shirley Basin. The transition aims to ensure continued growth and capitalize on the nuclear industry’s potential, with Gili bringing extensive experience from previous executive roles in mining companies.