HC Wainwright Reaffirms Buy Rating for Uranium Royalty (NASDAQ:UROY)

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating restated by HC Wainwright in a note issued to investors on Monday, Benzinga reports. They presently have a $4.50 price target on the stock. HC Wainwright’s price objective indicates a potential upside of 26.94% from the stock’s current price.

A number of other brokerages have also issued reports on UROY. Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Weiss Ratings upgraded shares of Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, National Bank Financial initiated coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4.13.

Uranium Royalty Stock Performance

Shares of Uranium Royalty stock traded up $0.01 on Monday, reaching $3.55. 547,986 shares of the stock were exchanged, compared to its average volume of 2,959,700. Uranium Royalty has a 1-year low of $2.56 and a 1-year high of $5.52. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $3.65. The firm has a market capitalization of $1.34 billion, a PE ratio of 39.39 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. The business had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. As a group, research analysts anticipate that Uranium Royalty will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new stake in Uranium Royalty during the second quarter worth about $402,000. Quantbot Technologies LP purchased a new stake in Uranium Royalty during the second quarter worth about $421,000. Squarepoint Ops LLC purchased a new stake in Uranium Royalty during the second quarter worth about $397,000. Renaissance Technologies LLC boosted its holdings in Uranium Royalty by 206.5% during the first quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock worth $718,000 after buying an additional 132,551 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Uranium Royalty during the second quarter worth about $214,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Uranium Royalty Company Profile

Uranium Royalty Corp. (NASDAQ: UROY) is a uranium-focused royalty and streaming company. It seeks exposure to the uranium sector through a portfolio of royalties, streams, debt and equity investments in uranium projects, as well as holdings of physical uranium. The company does not primarily operate mines; instead, its business model is designed to provide participation in uranium production and prices without directly bearing the full costs of mine development and operation.

Its interests are tied to uranium projects and properties in established producing and prospective regions, including Canada, the United States and Australia.