Ur-Energy is expected to report a smaller loss and much higher revenue, but its recent earnings record is a reason to keep expectations in check.
Ur-Energy Inc. (TSX: URE) is scheduled to report results after markets close on November 9, 2026, for the quarter ended September 30. One calendar estimate puts the loss at C$0.03 per share. A separate consensus trend estimate, based on four analysts, puts it at C$0.05. Estimates vary by source, so check which one you’re using. Revenue consensus is US$11.80 million, up an estimated 86.6% from a year earlier. The results will show whether revenue growth is translating into better per-share performance. See the URE stock page for company information and coverage.
Recent earnings trend
Ur Energy Inc
URE.TO
URE.TO
Ur Energy Inc
WealthAwesomeMarket cap
$421.74M
52W high
$2.97
52W low
$0.95
1W change
-17.19%
Beta
1.11
Analyst Price Targets
Based on analyst covering URE · as of Nov 6, 2026
Wall Street analysts forecast URE stock price to rise 196.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$2.90
+196.3% Upside
Previously C$2.91 on Nov 5, 2026
Current Price
C$0.98
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on URE's historical volatility
30-Day Vol
77.4%
Annualized
90-Day Vol
61.7%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.82
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.92 | C$0.71 – C$1.21 |
| 60 trading days | C$0.87 | C$0.60 – C$1.27 |
| 90 trading days | C$0.82 | C$0.52 – C$1.30 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-09 | — | -0.0300 | — |
| 2026-06-30 | 2026-08-10 | -0.0400 | -0.0400 | +0.0% |
| 2026-03-31 | 2026-05-06 | -0.0700 | -0.0400 | -75.0% |
| 2025-12-31 | 2026-03-10 | -0.0400 | -0.0400 | +0.0% |
| 2025-09-30 | 2025-11-03 | -0.0700 | -0.0200 | -250.0% |
| 2025-06-30 | 2025-08-05 | -0.0600 | -0.0200 | -200.0% |
Investor takeaway: The main question is whether Ur-Energy can grow revenue while narrowing its losses. The consensus trend estimate is a loss of C$0.05 per share, compared with a loss of C$0.07 a year earlier. Revenue is expected to rise sharply. Ur-Energy’s recent earnings record is mixed: it matched estimates in June and December 2025, then missed in March and September 2026. In the latest quarter, its C$0.04 loss matched the estimate. Compare the results with the relevant estimate source, and watch for signs that the operating ramp-up is supporting revenue without adding to losses.
US$11.80 million
That’s the revenue consensus for the quarter ended September 30, based on four analysts. It implies estimated year-over-year growth of 86.6%. EPS estimates differ by source: the calendar estimate is -C$0.03, while the trend estimate is -C$0.05. The report will show how revenue growth and operating costs affected the loss.
Bull case
Ur-Energy has several operational and development milestones that could help explain its results. The company said full operations at its Shirley Basin mine began in August 2026. It is also ramping up at Lost Creek and its processing hub. In late October, it announced a 120-hole exploration program at Lost Creek South, focused on nearby expansion and regional prospects. These projects support the company’s growth plans, but exploration and operating progress don’t guarantee stronger near-term earnings. If revenue comes close to the US$11.80 million consensus and the loss narrows, investors may see signs that the business is scaling up.
Bear case
Ur-Energy is still unprofitable. Its reported trailing-twelve-month EPS is -C$0.31, and its profit margin is -252.34%. Recent earnings haven’t shown a consistent pattern of beating estimates. Over the past 30 days, analysts made three downward revisions and no upward revisions, leaving the consensus estimate unchanged at -C$0.05. The share price closed at C$0.98, below its 50-day average of C$1.57 and 200-day average of C$2.00. These figures don’t predict the earnings result, but they highlight the execution risk behind expectations for rapid revenue growth.
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