Uranium Royalty (NASDAQ:UROY – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a report issued on Monday, Benzinga reports. They currently have a $4.50 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 27.66% from the company’s current price.
Several other research firms also recently issued reports on UROY. 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 research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price target for the company. Finally, Zacks Research downgraded Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $4.13.
Read Our Latest Report on UROY
Uranium Royalty Stock Down 0.4%
Shares of NASDAQ:UROY traded down $0.02 during trading on Monday, hitting $3.53. 760,343 shares of the company were exchanged, compared to its average volume of 2,960,574. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 39.17 and a beta of 1.57. Uranium Royalty has a fifty-two week low of $2.56 and a fifty-two week high of $5.52. The firm has a fifty day moving average price of $4.21 and a two-hundred day moving average price of $3.65.
Uranium Royalty (NASDAQ:UROY – Get Free Report) last posted its earnings results on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. As a group, research analysts anticipate that Uranium Royalty will post 0.11 earnings per share for the current fiscal year.
Institutional Trading of Uranium Royalty
Several institutional investors and hedge funds have recently modified their holdings of the business. AXQ Capital LP acquired a new position in Uranium Royalty in the 2nd quarter worth about $37,000. Hunter Associates Investment Management LLC acquired a new position in Uranium Royalty in the 1st quarter worth about $55,000. Apella Capital LLC acquired a new position in Uranium Royalty in the 1st quarter worth about $72,000. Bank of America Corp DE acquired a new position in Uranium Royalty in the 2nd quarter worth about $129,000. Finally, Sanctuary Advisors LLC acquired a new position in Uranium Royalty in the 2nd quarter worth about $163,000. 24.19% of the stock is currently owned by institutional investors.
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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