Uranium Royalty (NASDAQ:UROY) Shares Gap Up – What’s Next?

Uranium Royalty Corp. (NASDAQ:UROY) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.92, but opened at $4.15. Uranium Royalty shares last traded at $3.8550, with a volume of 1,057,584 shares changing hands.

Analysts Set New Price Targets

UROY has been the topic of several research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. Wall Street Zen downgraded shares of Uranium Royalty from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Uranium Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.50.

Uranium Royalty Stock Performance

The company has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $3.97. The stock has a market capitalization of $531.72 million, a price-to-earnings ratio of 181.59 and a beta of 1.50.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Uranium Royalty had a return on equity of 0.01% and a net margin of 7.70%.The company had revenue of $12.25 million during the quarter. As a group, equities analysts predict that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Uranium Royalty by 7.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock worth $30,406,000 after buying an additional 469,267 shares during the period. CenterBook Partners LP boosted its position in Uranium Royalty by 828.7% during the fourth quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock valued at $15,744,000 after acquiring an additional 3,968,521 shares during the last quarter. Alps Advisors Inc. boosted its position in Uranium Royalty by 23.7% during the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock valued at $13,780,000 after acquiring an additional 745,145 shares during the last quarter. Accordant Advisory Group Inc grew its holdings in Uranium Royalty by 0.8% during the 4th quarter. Accordant Advisory Group Inc now owns 2,470,489 shares of the company’s stock worth $8,746,000 after acquiring an additional 19,882 shares during the period. Finally, Acuitas Investments LLC grew its holdings in Uranium Royalty by 120.9% during the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock worth $9,621,000 after acquiring an additional 1,224,465 shares during the period. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

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.