Uranium Royalty’s (UROY) Buy Rating Reaffirmed at HC Wainwright

Uranium Royalty (NASDAQ:UROY – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a research note issued to investors on Monday, Benzinga reports. They presently have a $4.50 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 27.66% from the stock’s current price.

A number of other research analysts have also weighed in on UROY. Weiss Ratings upgraded Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, National Bank Financial initiated coverage on shares of Uranium Royalty in a research report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Uranium Royalty has an average rating of “Moderate Buy” and an average target price of $4.13.

Get Our Latest Stock Report on UROY

Uranium Royalty Price Performance

UROY traded down $0.02 during midday trading on Monday, hitting $3.53. 476,576 shares of the company traded hands, compared to its average volume of 2,959,572. 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 company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 39.17 and a beta of 1.57. Uranium Royalty has a 52-week low of $2.56 and a 52-week high of $5.52. The business has a 50 day simple moving average of $4.21 and a two-hundred day simple moving average of $3.65.

Uranium Royalty (NASDAQ:UROY – Get Free Report) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $51.68 million for 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%. On average, equities analysts forecast that Uranium Royalty will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

A number of hedge funds have recently modified their holdings of the company. AXQ Capital LP acquired a new stake in Uranium Royalty during the second quarter worth about $37,000. Royal Bank of Canada increased its position in Uranium Royalty by 10.3% during the first quarter. Royal Bank of Canada now owns 146,282 shares of the company’s stock worth $534,000 after purchasing an additional 13,692 shares during the last quarter. Hunter Associates Investment Management LLC acquired a new stake in Uranium Royalty during the first quarter worth about $55,000. Sanctuary Advisors LLC increased its position in Uranium Royalty by 46.9% during the first quarter. Sanctuary Advisors LLC now owns 58,750 shares of the company’s stock worth $214,000 after purchasing an additional 18,750 shares during the last quarter. Finally, Apella Capital LLC acquired a new stake in Uranium Royalty during the first quarter worth about $72,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

About Uranium Royalty

(Get Free Report)

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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Analyst Recommendations for Uranium Royalty (NASDAQ:UROY)

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