National Bank Financial initiated coverage on shares of Uranium Royalty (NASDAQ:UROY – Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $3.75 price target on the stock.
UROY has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Uranium Royalty in a research report on Tuesday, June 9th. Zacks Research upgraded Uranium Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Raymond James Financial raised Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Uranium Royalty has an average rating of “Buy” and an average target price of $4.12.
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Uranium Royalty Price Performance
Institutional Investors Weigh In On Uranium Royalty
Several large investors have recently modified their holdings of UROY. Goldman Sachs Group Inc. boosted its stake in shares of Uranium Royalty by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company’s stock valued at $183,000 after purchasing an additional 21,118 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in Uranium Royalty in the second quarter worth approximately $33,000. Vident Advisory LLC raised its stake in Uranium Royalty by 47.1% in the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock worth $3,700,000 after buying an additional 474,030 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Uranium Royalty during the second quarter worth $29,000. Finally, BNP Paribas Financial Markets bought a new stake in Uranium Royalty during the 3rd quarter valued at $128,000. 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.
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