Uranium Royalty (NASDAQ:UROY) Given Buy Rating at HC Wainwright

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

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

Uranium Royalty Stock Down 1.1%

NASDAQ UROY traded down $0.04 during trading hours on Monday, reaching $3.50. 1,894,865 shares of the company’s stock traded hands, compared to its average volume of 2,966,784. Uranium Royalty has a 52-week low of $2.56 and a 52-week high of $5.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $4.21 and a 200 day simple moving average of $3.65. The firm has a market cap of $1.32 billion, a PE ratio of 38.89 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY) last announced its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share 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 analysts’ expectations of $52.23 million. Sell-side analysts anticipate that Uranium Royalty will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

A number of hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP purchased a new stake in Uranium Royalty during the 2nd quarter valued at $37,000. Royal Bank of Canada raised its stake in shares of Uranium Royalty by 10.3% in the first quarter. Royal Bank of Canada now owns 146,282 shares of the company’s stock worth $534,000 after purchasing an additional 13,692 shares during the last quarter. Hunter Associates Investment Management LLC purchased a new position in shares of Uranium Royalty in the first quarter worth $55,000. Sanctuary Advisors LLC lifted its holdings in shares of Uranium Royalty by 46.9% during the first quarter. Sanctuary Advisors LLC now owns 58,750 shares of the company’s stock valued at $214,000 after purchasing an additional 18,750 shares in the last quarter. Finally, Apella Capital LLC purchased a new stake in shares of Uranium Royalty during the first quarter valued at $72,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

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.