Uranium Royalty (NASDAQ:UROY) Stock Rating Upgraded by Zacks Research

Uranium Royalty (NASDAQ:UROY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

UROY has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Uranium Royalty in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Uranium Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Raymond James Financial upgraded shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Uranium Royalty Trading Up 1.1%

UROY stock opened at $2.76 on Tuesday. Uranium Royalty has a twelve month low of $2.39 and a twelve month high of $5.52. The company has a market capitalization of $404.60 million, a P/E ratio of 138.07 and a beta of 1.40. The firm has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.70.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Uranium Royalty by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company’s stock worth $183,000 after purchasing an additional 21,118 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Uranium Royalty in the second quarter worth $33,000. Vident Advisory LLC lifted 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 valued at $3,700,000 after buying an additional 474,030 shares during the last quarter. Corient Private Wealth LLC bought a new stake in Uranium Royalty in the second quarter valued at $29,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Uranium Royalty during the third quarter valued at $128,000. 24.19% of the stock is owned by institutional investors and hedge funds.

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.