Uranium Royalty (NASDAQ:UROY) Rating Lowered to Hold at Zacks Research

Uranium Royalty (NASDAQ:UROY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Raymond James Financial raised shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Uranium Royalty in a report on Tuesday, June 9th. Finally, Wall Street Zen cut shares of Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Uranium Royalty currently has a consensus rating of “Hold”.

Uranium Royalty Stock Up 2.3%

Uranium Royalty stock opened at $3.10 on Monday. The stock has a market cap of $454.43 million, a P/E ratio of 155.08 and a beta of 1.36. Uranium Royalty has a twelve month low of $2.29 and a twelve month high of $5.52. The company’s 50-day moving average price is $3.60 and its two-hundred day moving average price is $3.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UROY. Corient Private Wealth LLC bought a new position in shares of Uranium Royalty during the second quarter worth approximately $29,000. Thompson Davis & CO. Inc. bought a new position in shares of Uranium Royalty during the second quarter worth approximately $33,000. Baron Wealth Management LLC bought a new position in shares of Uranium Royalty during the fourth quarter worth approximately $44,000. O Shaughnessy Asset Management LLC bought a new position in shares of Uranium Royalty during the fourth quarter worth approximately $44,000. Finally, Financial Security Advisor Inc. bought a new position in shares of Uranium Royalty during the fourth quarter worth approximately $46,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.