Uranium Royalty (NASDAQ:UROY – Get Free Report) had its price target upped by equities researchers at National Bank Financial from $3.75 to $4.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 13.80% from the stock’s current price.
Several other brokerages also recently commented on UROY. HC Wainwright restated a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a report on Monday. Weiss Ratings raised shares of Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Uranium Royalty presently has a consensus rating of “Moderate Buy” and an average target price of $4.25.
Get Our Latest Research Report on Uranium Royalty
Uranium Royalty Trading Down 0.7%
UROY stock traded down $0.03 during midday trading on Monday, hitting $3.52. 1,145,845 shares of the company’s stock were exchanged, compared to its average volume of 2,962,679. Uranium Royalty has a one year low of $2.56 and a one year 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 has a market cap of $1.33 billion, a PE ratio of 39.06 and a beta of 1.57. The stock’s fifty day moving average price is $4.21 and its 200-day moving average price is $3.65.
Uranium Royalty (NASDAQ:UROY – Get Free Report) last released its quarterly earnings results on Monday, September 14th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. The company had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. Research analysts predict that Uranium Royalty will post 0.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. AXQ Capital LP bought a new position in shares of Uranium Royalty in the 2nd quarter valued at $37,000. Hunter Associates Investment Management LLC acquired a new position in Uranium Royalty during the first quarter worth about $55,000. Apella Capital LLC bought a new stake in shares of Uranium Royalty during the 1st quarter valued at approximately $72,000. Bank of America Corp DE acquired a new position in Uranium Royalty during the 2nd quarter worth approximately $129,000. Finally, State of Wyoming bought a new stake in Uranium Royalty during the 1st quarter worth $176,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.
Uranium Royalty Company Profile
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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