Uranium Royalty (NASDAQ:UROY) Earns “Buy” Rating from HC Wainwright

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued on Monday, Benzinga reports. They presently have a $4.50 target price on the stock. HC Wainwright’s price objective indicates a potential upside of 28.57% from the company’s previous close.

UROY has been the topic of several other reports. National Bank Financial started coverage on shares of Uranium Royalty in a research report on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price objective on the stock. Weiss Ratings upgraded shares of Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4.25.

Uranium Royalty Stock Performance

NASDAQ:UROY traded down $0.04 during midday trading on Monday, reaching $3.50. The stock had a trading volume of 1,894,865 shares, compared to its average volume of 2,966,784. The firm has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $3.65. Uranium Royalty has a 12-month low of $2.56 and a 12-month high of $5.52. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.32 billion, a P/E ratio of 38.89 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, beating 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 firm had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. On average, equities analysts expect that Uranium Royalty will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors and hedge funds have recently made changes to their positions in UROY. Quantbot Technologies LP purchased a new position in Uranium Royalty in the 2nd quarter valued at about $421,000. The Manufacturers Life Insurance Company purchased a new position in Uranium Royalty in the 2nd quarter valued at about $402,000. Squarepoint Ops LLC purchased a new position in Uranium Royalty in the 2nd quarter valued at about $397,000. Renaissance Technologies LLC lifted its holdings in Uranium Royalty by 206.5% in the 1st quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock valued at $718,000 after purchasing an additional 132,551 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in shares of Uranium Royalty during the second quarter worth about $227,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

About Uranium Royalty

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.