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MARKETS LIVE BLOG:

STOCKS JUMP AFTER U.S. INFLATION REPORT RELEASE

Roundhill Magnificent Seven ETF hits all-time high on Wednesday

Why UR-Energy (URG) Could Be Positioned for a Surge?

Zacks Equity Research

UR-Energy Inc. (URG) is a mining company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on URG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that UR-Energy could be a solid choice for investors.

Current Quarter Estimates for URG

In the past 30 days, 1 estimate moved up for UR-Energy but there was no downward revision. The consensus estimate trend has been pretty favourable, with estimates increasing from a break-even point 30 days ago, to 1 cent today, a significant improvement.

Current Year Estimates for URG

Meanwhile, UR-Energy’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to 1 downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 4 cents per share 30 days ago to 7 cents per share today, an increase of 75 %.

Bottom Line

The stock has also started to move higher lately, adding 18.0% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 UR-Energy stock to profit in the near future.

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UR ENERGY (URG): Free Stock Analysis Report


Zacks Investment Research