Uranium Royalty (NASDAQ:UROY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.
A number of other brokerages have also recently issued reports on UROY. Wall Street Zen cut shares of Uranium Royalty from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Raymond James Financial raised shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Uranium Royalty in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Uranium Royalty
Uranium Royalty Trading Up 2.3%
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Uranium Royalty by 7.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock valued at $30,406,000 after acquiring an additional 469,267 shares during the last quarter. CenterBook Partners LP boosted its position in Uranium Royalty by 828.7% in the fourth quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock valued at $15,744,000 after buying an additional 3,968,521 shares in the last quarter. Alps Advisors Inc. boosted its position in Uranium Royalty by 23.7% in the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock valued at $13,780,000 after buying an additional 745,145 shares in the last quarter. Accordant Advisory Group Inc boosted its position in Uranium Royalty by 0.8% in the fourth quarter. Accordant Advisory Group Inc now owns 2,470,489 shares of the company’s stock valued at $8,746,000 after buying an additional 19,882 shares in the last quarter. Finally, Sprott Inc. boosted its position in Uranium Royalty by 3.5% in the third quarter. Sprott Inc. now owns 1,629,077 shares of the company’s stock valued at $7,005,000 after buying an additional 54,600 shares in the last quarter. 24.19% of the stock is owned by institutional investors.
About Uranium Royalty
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.
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