Alliance Global Partners has revised its price target for Ur-Energy (URG, Financial), reducing it from $2.75 to $2, while maintaining a Buy rating on the stock. The adjustment follows the company's recently reported 2024 financial outcomes, which did not meet expectations.
The shortfall is attributed mainly to prolonged delays in ramping up production at the Lost Creek project, a situation that has affected Ur-Energy's operations throughout the year. Despite these setbacks, the firm remains optimistic about the company's potential, as indicated by its continued Buy recommendation.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Ur-Energy Inc (URG, Financial) is $2.66 with a high estimate of $3.75 and a low estimate of $2.00. The average target implies an upside of 301.87% from the current price of $0.66. More detailed estimate data can be found on the Ur-Energy Inc (URG) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Ur-Energy Inc's (URG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ur-Energy Inc (URG, Financial) in one year is $0.08, suggesting a downside of 87.91% from the current price of $0.6619. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ur-Energy Inc (URG) Summary page.
