FINWIRES · TerminalLIVE
FINWIRES

National Bank Cuts Ur-Energy's Price Target to US$16 from US$17

By

National Bank of Canada on Tuesday lowered Ur-Energy's (URE.TO) price target to US$16 from $17 with an outperform rating.

National Bank updated its model to reflect Ur-Energy's weaker-than-expected operating results in the third quarter of fiscal 2026.

The bank reduced its near-term production estimates for Ur-Energy across the Wyoming hub to reflect the production rates to date and the development progress of header houses required to enable an increase in production.

National Bank also applied a more conservative ramp at Ur-Energy's Texas hub.

The company's total net asset value fell 5% to $9.95 per share from $10.47 per share, driven by the lower volume, higher costs, and our slight reduction in the in-situ value attributed to the U.S. assets to reflect higher costs, according to the bank.

Ur-Energy traded at $2.18 per share at last look Wednesday on the Toronto Stock Exchange.

Related Articles

Mining & Metals

The North West Company Reports Lower Sales, Adjusted Profit for First Quarter; Dividend Maintained

The North West Company (NWC.TO) after trade Tuesday said its first-quarter sales and adjusted profit declined year-over-year.The company, which operates grocery stores in Canada's North and the Caribbean, said adjusted earnings, excluding most one-time items, fell to $30.3 million from $33.6 million a year ago. The company did not provide per-share amounts. FactSet expected earnings per share of $0.68.Consolidated sales for the quarter ended April 30 fell to $631.6 million from $641.4 million in the year-ago period "due to the impact of foreign exchange on the translation of International Operations sales and a decrease in Canadian Operations sales," the company said. FactSet projected sales of $648.5 million.The company also declared a quarterly dividend of $0.41, the same as the previous quarter, to shareholders of record on June 30, to be paid on July 15."While our Canadian Operations performance faced expected headwinds following the sunset of the Inuit Child First Initiative food voucher program, our team remained focused on execution and finding efficiencies within our business," Chief Executive Dan McConnell said."Looking ahead, we are mindful of external pressures, including the impact of rising fuel costs, and the evolving pace of government infrastructure investments and settlement payments in the communities we serve. While near-term variability in these factors may impact results, we remain confident in our long-term strategy, the fundamentals of our business, and our ability to create sustainable value," he added.

$NWC.TO
Mining & Metals

Enghouse Systems Brief: Says Q2 Results "Reflected Ongoing Turbulence in Global Markets, Where Shifting Geopolitical Conditions, Trade Dynamics, and Rapid Technological Change Continued t

$ENGH.TO
Mining & Metals

Enghouse Systems Brief: Second-Quarter Falls to $114.3 Million From $128.4 Million in Q2 2025

$ENGH.TO