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

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued on Monday, Benzinga reports. They currently have a $4.50 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 28.02% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on UROY. Weiss Ratings raised shares of Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. National Bank Financial assumed coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price objective on the stock. 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4.13.

Uranium Royalty Price Performance

Shares of UROY stock traded down $0.03 during mid-day trading on Monday, hitting $3.52. 868,124 shares of the stock traded hands, compared to its average volume of 2,961,498. Uranium Royalty has a twelve month low of $2.56 and a twelve month high of $5.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.88. The company’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $3.65. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 39.17 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, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $51.68 million during the quarter, compared to analyst estimates of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. As a group, equities research analysts expect that Uranium Royalty will post 0.11 earnings per share for the current year.

Institutional Trading of Uranium Royalty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AXQ Capital LP acquired a new position in shares of Uranium Royalty in the second quarter worth about $37,000. Hunter Associates Investment Management LLC acquired a new stake in shares of Uranium Royalty in the first quarter worth $55,000. Apella Capital LLC acquired a new stake in shares of Uranium Royalty in the first quarter worth $72,000. Bank of America Corp DE acquired a new position in Uranium Royalty during the second quarter valued at $129,000. Finally, State of Wyoming purchased a new stake in Uranium Royalty in the 1st quarter worth about $176,000. 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.