Uranium Royalty (NASDAQ:UROY) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Uranium Royalty (NASDAQ:UROY) from a buy rating to a hold rating in a report published on Saturday morning.

Several other equities analysts have also commented on UROY. 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. Raymond James Financial restated a “market perform” rating on shares of Uranium Royalty in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.50.

Uranium Royalty Stock Performance

Uranium Royalty stock opened at $3.63 on Friday. The company has a 50-day simple moving average of $3.84 and a 200-day simple moving average of $3.97. The firm has a market capitalization of $531.72 million, a P/E ratio of 181.59 and a beta of 1.50. Uranium Royalty has a one year low of $1.65 and a one year high of $5.52.

Uranium Royalty (NASDAQ:UROY) last released its quarterly earnings results on Tuesday, March 10th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $12.25 million during the quarter. Uranium Royalty had a net margin of 7.70% and a return on equity of 0.01%. As a group, sell-side analysts forecast that Uranium Royalty will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Uranium Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new position in Uranium Royalty in the 4th quarter valued at about $239,000. Mackenzie Financial Corp bought a new position in Uranium Royalty in the 4th quarter valued at about $396,000. Quadrature Capital Ltd bought a new position in Uranium Royalty in the 4th quarter valued at about $51,000. OLD Mission Capital LLC bought a new position in Uranium Royalty in the 4th quarter valued at about $327,000. Finally, Oxford Asset Management LLP grew its position in Uranium Royalty by 13.2% in the 4th quarter. Oxford Asset Management LLP now owns 33,242 shares of the company’s stock valued at $118,000 after buying an additional 3,877 shares in the last quarter. Institutional investors own 24.19% of the company’s stock.

Uranium Royalty Company Profile

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.