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Investing.com - H.C. Wainwright reduced its price target on UR-Energy (NYSE:URG) stock to $2.60 from $2.70 on Tuesday, while maintaining a Buy rating on the uranium producer. The new target still represents a significant 61% upside from URG’s current price of $1.61, with analyst targets ranging from $1.80 to $3.00. According to InvestingPro data, the stock appears slightly undervalued based on its Fair Value assessment.
The company reported third-quarter revenue of $6.3 million and a net loss of $27.5 million, or $0.07 per share. These results compare to revenue of $6.4 million and a net loss of $8.0 million, or $0.02 per share, in the same period last year. InvestingPro data reveals that UR-Energy suffers from weak gross profit margins, currently at -135.46%, which aligns with the company’s ongoing operational challenges.
UR-Energy’s quarterly revenue came from selling 110,000 pounds of uranium (U3O8) from its purchased inventory at an average price of $57.48 per pound. The company recorded a gross loss on these sales as its cost of purchased pounds was $64.21 per pound, exceeding the average sales price.
H.C. Wainwright noted that the company’s use of purchased inventories should protect and maximize the value of its low-cost product in the longer term, making the current loss on purchased pounds less significant.
The slight reduction in the price target was attributed to "slight dilution incurred by the firm at a price below our NAV/share," according to the research firm, which highlighted that UR-Energy’s sale of produced pounds in the second quarter of 2025 generated a 19% gross margin.
In other recent news, UR-Energy has been the focus of several significant developments. The company filed a prospectus supplement to register the issuance of common shares upon the exercise of certain existing warrants, as announced in their latest SEC filing. This filing does not involve the issuance of new warrants but pertains to shares issuable under existing ones. Additionally, Northland has initiated coverage on UR-Energy with a Buy rating and set a price target of $2.15, highlighting its role as one of the few uranium producers in the United States. H.C. Wainwright also reiterated its Buy rating for UR-Energy, maintaining a price target of $2.70 after a site visit to the company’s Shirley Basin project in Wyoming. This visit included a tour with the company’s CEO, John Cash, and other senior management. These recent analyst ratings indicate ongoing confidence in UR-Energy’s operational capacity and future prospects.
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