Uranium Royalty Corp. (NASDAQ:UROY – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.12.
Several brokerages have recently commented on UROY. HC Wainwright reiterated a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research note on Thursday, July 16th. Weiss Ratings upgraded Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. National Bank Financial began coverage on Uranium Royalty in a report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target for the company. Finally, Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th.
Get Our Latest Analysis on Uranium Royalty
Institutional Investors Weigh In On Uranium Royalty
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in shares of Uranium Royalty in the 2nd quarter valued at $397,000. AXQ Capital LP acquired a new position in Uranium Royalty in the 2nd quarter valued at approximately $37,000. Bank of America Corp DE acquired a new position in Uranium Royalty in the 2nd quarter valued at approximately $129,000. Hsbc Holdings PLC bought a new position in shares of Uranium Royalty during the second quarter valued at $174,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Uranium Royalty during the second quarter valued at $402,000. 24.19% of the stock is currently owned by institutional investors.
Uranium Royalty Stock Performance
Shares of NASDAQ UROY opened at $3.54 on Monday. Uranium Royalty has a 52 week low of $2.56 and a 52 week high of $5.52. The stock has a market capitalization of $1.34 billion, a PE ratio of 39.33 and a beta of 1.57. 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 stock has a 50 day moving average price of $4.21 and a 200 day moving average price of $3.65.
Uranium Royalty (NASDAQ:UROY – Get Free Report) last announced its quarterly earnings data on Monday, September 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $51.68 million during the quarter, compared to the consensus estimate of $52.23 million. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. Analysts predict that Uranium Royalty will post 0.11 earnings per share for the current fiscal year.
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.
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