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UR-Energy (URG)
:URG
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UR-Energy
(URG)
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Rating:50Neutral
Price Target:
$1.50
▼(-16.67% Downside)
The score is primarily held back by weak financial performance (declining TTM revenue, ongoing losses, and negative operating/free cash flow). Technical indicators are broadly neutral and do not provide strong upside confirmation, while valuation lacks support due to a loss-driven negative P/E and no dividend. A positive, structured CEO succession plan modestly offsets these risks.
Positive Factors
Revenue Growth
Strong revenue growth indicates increasing demand for UR-Energy's uranium products, supporting long-term business expansion and market presence.
CEO Succession Plan
The planned CEO transition to Matthew Gili, with his extensive experience, is expected to drive strategic growth and capitalize on the nuclear industry's potential.
Low Leverage
A low leverage position provides financial flexibility and reduces risk, allowing UR-Energy to invest in growth opportunities without significant debt burden.
Negative Factors
Negative Cash Flows
Persistent negative cash flows indicate challenges in covering operational costs and funding growth, potentially limiting UR-Energy's financial stability.
Profitability Issues
Significant negative margins highlight ongoing profitability challenges, which could hinder UR-Energy's ability to sustain operations and invest in future growth.
Convertible Notes Offering
Issuing convertible notes may dilute equity and increase financial obligations, impacting UR-Energy's capital structure and shareholder value in the long term.
UR-Energy (URG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$677.18M
Dividend YieldN/A
Average Volume (3M)11.57M
Price to Earnings (P/E)―
Beta (1Y)1.31
Revenue Growth138.94%
EPS Growth-62.94%
CountryUS
Employees101
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.07
Shares Outstanding376,213,620
10 Day Avg. Volume16,858,021
30 Day Avg. Volume11,567,777
Financial Highlights & Ratios
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 Cap0.48
Enterprise Value/Revenue8.32
Enterprise Value/Gross Profit-28.89
Enterprise Value/Ebitda-4.48
Forecast
1Y Price Target
$2.24Price Target Upside24.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
UR-Energy Business Overview & Revenue Model
Company DescriptionUr-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 MoneyUR-Energy generates revenue primarily through the sale of uranium concentrate produced from its mining operations. The company's revenue model is heavily reliant on long-term sales contracts and spot market sales, allowing it to capitalize on fluctuating uranium prices. Key revenue streams include contracts with utility companies that purchase uranium for use in nuclear power generation. Additionally, URG benefits from strategic partnerships and alliances within the nuclear energy sector, enhancing its market reach and stability. The company also explores opportunities for joint ventures and collaborations that can further boost its earnings potential.
UR-Energy Earnings Call Summary
Earnings Call Date:Aug 09, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Mar 11, 2026
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.Q2-2024 Updates
Positive Updates
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.
Negative Updates
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 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.18
Very Negative
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.62
Positive
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.24
Negative
| 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
Positive
1.80
Price Trends
1.39
Positive
1.51
Positive
1.23
Positive
Market Momentum
0.10
Negative
76.02
Negative
95.07
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 1.8 is above the 20-day moving average (MA) of 1.51, above the 50-day MA of 1.39, and above the 200-day MA of 1.23, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 76.02 is Negative, neither overbought nor oversold. The STOCH value of 95.07 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $541.31M | 8.21 | 14.08% | 3.19% | 29.52% | 41.02% | |
68 Neutral | $5.60B | 46.75 | 51.74% | ― | 15.25% | 37.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $4.96B | -43.12 | -18.17% | ― | 103.69% | -126.48% | |
61 Neutral | $8.31B | -96.68 | -7.29% | ― | 189.19% | -38.15% | |
50 Neutral | $677.18M | -8.29 | -65.17% | ― | 138.94% | -62.94% | |
47 Neutral | $492.39M | -7.84 | -1.23% | ― | 17.09% | 72.64% |
* Energy Sector Average
URG
UR-Energy
1.80
0.69
62.16%
SD
SandRidge Energy
14.72
2.60
21.43%
UEC
Uranium Energy
17.19
10.34
150.95%
LEU
Centrus Energy
307.57
233.51
315.30%
SMC
Summit Midstream
26.21
-12.14
-31.66%
UUUU
Energy Fuels
20.91
15.84
312.43%
UR-Energy Corporate Events
Private Placements and Financing
Ur-Energy Announces $100M Convertible Notes Offering
Neutral
Dec 15, 2025
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.
The most recent analyst rating on (URG) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on UR-Energy stock, see the URG Stock Forecast page.
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.