Uranium Royalty Corp. (NASDAQ:UROY) Receives Consensus Recommendation of “Buy” from Analysts

Uranium Royalty Corp. (NASDAQ:UROY) has been given a consensus recommendation of “Buy” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $4.1250.

Several research firms recently weighed in on UROY. Weiss Ratings raised Uranium Royalty from a “hold (c-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. HC Wainwright reissued a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a report on Thursday, July 16th. 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. National Bank Financial started coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price objective for the company. Finally, Zacks Research upgraded shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors have recently made changes to their positions in UROY. Corient Private Wealth LLC bought a new position in Uranium Royalty during the 2nd quarter worth $29,000. Thompson Davis & CO. Inc. bought a new stake in shares of Uranium Royalty during the 2nd quarter valued at $33,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Uranium Royalty during the 4th quarter valued at $44,000. Financial Security Advisor Inc. bought a new stake in shares of Uranium Royalty during the 4th quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Uranium Royalty during the 4th quarter worth $47,000. 24.19% of the stock is currently owned by institutional investors.

Uranium Royalty Price Performance

Shares of Uranium Royalty stock opened at $3.36 on Wednesday. The business has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.62. The company has a market capitalization of $493.35 million, a price-to-earnings ratio of 168.08 and a beta of 1.38. Uranium Royalty has a 1 year low of $2.51 and a 1 year high of $5.52.

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.