Brokerages Set Uranium Royalty Corp. (NASDAQ:UROY) Price Target at $4.00

Uranium Royalty Corp. (NASDAQ:UROY) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.00.

UROY has been the topic of several research analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Uranium Royalty in a research note on Tuesday, September 23rd. Wall Street Zen raised Uranium Royalty from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Uranium Royalty in a research note on Saturday, September 27th.

Institutional Investors Weigh In On Uranium Royalty

Several large investors have recently made changes to their positions in the company. Integrity Alliance LLC. grew its position in Uranium Royalty by 36.4% in the second quarter. Integrity Alliance LLC. now owns 15,788 shares of the company’s stock worth $39,000 after acquiring an additional 4,212 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at $25,000. Corient Private Wealth LLC bought a new stake in Uranium Royalty in the second quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Uranium Royalty by 64.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company’s stock worth $55,000 after purchasing an additional 12,064 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in Uranium Royalty during the second quarter worth $33,000. Institutional investors own 24.19% of the company’s stock.

Uranium Royalty Stock Up 1.9%

UROY opened at $4.28 on Friday. The firm has a market capitalization of $571.98 million, a P/E ratio of -428.00 and a beta of 1.40. The stock has a fifty day moving average of $3.25 and a 200-day moving average of $2.52. Uranium Royalty has a 12-month low of $1.43 and a 12-month high of $4.70.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings results on Thursday, September 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $28.90 million for the quarter, compared to analyst estimates of $9.49 million. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%. On average, analysts expect that Uranium Royalty will post 0.01 earnings per share for the current fiscal year.

Uranium Royalty Company Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.