Uranium Royalty Corp. (NASDAQ:UROY) Given Average Recommendation of “Buy” by Analysts

Shares of Uranium Royalty Corp. (NASDAQ:UROY) have earned a consensus recommendation of “Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.1250.

Several analysts have issued reports on the stock. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. National Bank Financial raised Uranium Royalty to an “outperform” rating and set a $3.75 target price on the stock in a research note on Wednesday. HC Wainwright reiterated a “buy” rating and issued a $4.50 price target on shares of Uranium Royalty in a report on Thursday, July 16th. Wall Street Zen downgraded Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Raymond James Financial raised Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st.

Uranium Royalty Trading Up 1.5%

UROY stock opened at $2.78 on Wednesday. The stock has a market cap of $408.19 million, a PE ratio of 139.07 and a beta of 1.40. Uranium Royalty has a 12 month low of $2.42 and a 12 month high of $5.52. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $3.64.

Institutional Trading of Uranium Royalty

Institutional investors and hedge funds have recently made changes to their positions in the business. Simcoe Capital LLC purchased a new stake in shares of Uranium Royalty during the fourth quarter valued at $4,001,000. CenterBook Partners LP increased its stake in Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after buying an additional 3,968,521 shares during the period. SG Americas Securities LLC purchased a new position in Uranium Royalty in the 4th quarter worth about $635,000. Banque Cantonale Vaudoise increased its stake in Uranium Royalty by 153.0% in the 4th quarter. Banque Cantonale Vaudoise now owns 248,026 shares of the company’s stock worth $876,000 after buying an additional 150,000 shares during the period. Finally, Hunter Associates Investment Management LLC bought a new stake in Uranium Royalty during the 1st quarter valued at about $55,000. 24.19% of the stock is currently owned by institutional investors.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.