Uranium Royalty’s (UROY) Buy Rating Reaffirmed at HC Wainwright

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating restated by HC Wainwright in a report released on Monday, Benzinga reports. They presently have a $4.50 price target on the stock. HC Wainwright’s price target suggests a potential upside of 27.30% from the company’s current price.

UROY has been the subject of several other reports. National Bank Financial began coverage on Uranium Royalty in a research report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target for the company. Zacks Research downgraded Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, Weiss Ratings upgraded Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.12.

Uranium Royalty Stock Performance

Shares of NASDAQ UROY traded down $0.01 during trading on Monday, reaching $3.54. 231,142 shares of the company traded hands, compared to its average volume of 2,958,239. The firm’s fifty day simple moving average is $4.21 and its 200 day simple moving average is $3.65. The stock has a market cap of $1.33 billion, a P/E ratio of 39.17 and a beta of 1.57. Uranium Royalty has a 12-month low of $2.56 and a 12-month 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.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. The business had revenue of $51.68 million during the quarter, compared to analysts’ expectations 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 Inflows and Outflows

A number of large investors have recently modified their holdings of UROY. The Manufacturers Life Insurance Company acquired a new stake in shares of Uranium Royalty during the 2nd quarter valued at about $402,000. Quantbot Technologies LP purchased a new position in shares of Uranium Royalty in the 2nd quarter valued at about $421,000. Squarepoint Ops LLC purchased a new position in shares of Uranium Royalty in the 2nd quarter valued at about $397,000. Renaissance Technologies LLC raised 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 worth $718,000 after purchasing an additional 132,551 shares during the period. Finally, State of Wyoming acquired a new position in Uranium Royalty in the 2nd quarter worth about $214,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.