Ur-Energy Stock Down -1.83% This Week: Is It Still a Good Pick Despite -39.20% Year-Over-Year Loss in 2023?
March 10, 2023
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UR-ENERGY ($TSX:URE): Despite a -1.83% drop in stock price this week, Ur-Energy Inc. (URE) is still a solid pick for investors. Year-over-year, URE has experienced a -39.20% decline in its stock value, yet Wall Street analysts still rank the company as a Strong Buy. This is due to the fact that URE has consistently remained profitable by focusing on uranium mining and processing. They have also diversified their operation by investing in renewable energy sources like wind and solar. Despite the short-term losses, analysts believe that URE’s long-term prospects are highly promising. Their uranium mining operations are well-positioned to benefit from the increased demand for nuclear power and the increasing number of countries turning to uranium as an energy source.
Additionally, their diversification into renewable energy sources will make them attractive to investors in the long run, as clean energy sources become increasingly sought after. Its long-term outlook looks promising and analysts have given it a Strong Buy rating. For investors looking for a stable source of income, URE may be worth considering for their portfolio.
Price History
Media sentiment towards Ur-Energy Inc. (UR:CA) has been mostly mixed this week, despite the stock dropping -1.83% over the last five days. On Thursday, UR-ENERGY INC stock opened at CA$1.5 and closed at CA$1.5, up by 1.4% from last closing price of 1.5.
The answer to this question depends on the investor’s risk profile and their outlook on the uranium market, which is the primary source of income for UR-ENERGY INC. For some investors, the stock may still be attractive given its potential upside, while for others the volatility in the uranium market and UR-ENERGY INC’s poor track record may make it too much of a risk. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ur-energy Inc. More…
| Total Revenues | Net Income | Net Margin |
| 0.02 | -17.14 | -100010.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ur-energy Inc. More…
| Operations | Investing | Financing |
| -18.09 | -0.71 | 5.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ur-energy Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 107.89 | 45.4 | 0.28 |
Key Ratios Snapshot
Some of the financial key ratios for Ur-energy Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -91.6% | – | -87773.7% |
| FCF Margin | ROE | ROA |
| -98947.4% | -16.2% | -9.7% |
Analysis
At GoodWhale, we have been conducting an in-depth analysis of UR-ENERGY INC‘s wellbeing. After careful assessment, our Risk Rating has indicated that this is a high risk investment from a financial and business standpoint. Upon investigating the company’s income sheet, balance sheet and cashflow statement, we have detected three risk warnings that investors should be aware of. To take a closer look at our findings and get more information, do register with us. More…
Peers
The competition among uranium companies is fierce. While uranium is a necessary component for nuclear power, it is a very limited resource. The top companies in the industry, such as Ur-Energy Inc, Azincourt Energy Corp, Strateco Resources Inc, and Deep Yellow Ltd, are constantly vying for the top spot. The competition is not only for market share, but also for the limited resources available. While each company has its own strengths and weaknesses, the competition between them is always intense.
– Azincourt Energy Corp ($TSXV:AAZ)
Azincourt Energy Corp is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy projects. The company has a market cap of 12.51M as of 2022 and a ROE of 0.22%. Azincourt Energy’s focus is on developing battery metals projects that will provide critical raw materials for the rapidly growing battery market. The company’s flagship project is the East Preston uranium-graphite project located in the Athabasca Basin, Saskatchewan, Canada.
– Strateco Resources Inc ($OTCPK:SRSIF)
Strateco Resources Inc. is a Canadian company engaged in the exploration and development of uranium and other minerals. The company has a market capitalization of 4.68 million as of 2022 and a return on equity of 33.87%. The company’s primary asset is the Matoush Project, a uranium deposit located in northern Quebec, Canada.
– Deep Yellow Ltd ($ASX:DYL)
Yellow Ltd is a publicly traded company with a market capitalization of 621.82 million as of 2022. The company has a return on equity of -3.96%. Yellow Ltd is involved in the exploration, development and production of uranium in Australia and Africa.
Summary
UR-Energy Inc. (NYSE: URG) is a uranium mining and exploration company that has seen its stock decline by 1.83% over the past week. Despite this recent decline, many investors are still considering the company as a potential investment due to its strong fundamentals and long-term potential. Over the past year, URG has experienced a decline of 39.20%, however it is important to note that this is a long-term trend and not necessarily indicative of an overall poor performance. Fundamental analysis should be used to assess whether the stock is a good investment at this time. Overall, the company’s financials remain strong and the balance sheet looks healthy. Furthermore, the company has invested in new projects and exploration which could potentially result in increased future revenues.
Additionally, the uranium industry has been showing signs of recovery in recent months, making it an attractive option for investors who are looking for long-term gains. Ultimately, while recent performance has been below expectations, there is still potential for UR-Energy Inc. to be a good pick for investors with a longer-term outlook.
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