Uranium Royalty (NASDAQ:UROY) Trading 6.9% Higher – What’s Next?

Uranium Royalty Corp. (NASDAQ:UROY)’s stock price rose 6.9% on Tuesday . The company traded as high as $4.76 and last traded at $4.8120. Approximately 1,265,925 shares changed hands during trading, a decline of 58% from the average daily volume of 3,032,414 shares. The stock had previously closed at $4.50.

Analyst Ratings Changes

Several brokerages recently issued reports on UROY. Weiss Ratings reiterated a “sell (d+)” rating on shares of Uranium Royalty in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.50.

Uranium Royalty Stock Performance

The company’s 50-day simple moving average is $3.87 and its 200 day simple moving average is $3.62.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $0.03 million during the quarter. Uranium Royalty had a net margin of 1.95% and a negative return on equity of 1.26%. On average, equities research analysts forecast that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Institutional Trading of Uranium Royalty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acuitas Investments LLC raised its stake in Uranium Royalty by 120.9% in the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock worth $9,621,000 after acquiring an additional 1,224,465 shares during the last quarter. Vident Advisory LLC grew its position in shares of Uranium Royalty by 47.1% during the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after acquiring an additional 474,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Uranium Royalty by 7.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock worth $30,406,000 after acquiring an additional 469,267 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Uranium Royalty in the third quarter valued at approximately $816,000. Finally, SG Americas Securities LLC purchased a new position in Uranium Royalty in the 4th quarter worth approximately $635,000. Hedge funds and other 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.