Uranium Royalty Corp. (NASDAQ:UROY) Stock Rated “Moderate Buy” by Sell-Side Analysts

Uranium Royalty Corp. (NASDAQ:UROY) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.25.

Several equities analysts have recently weighed in on the company. National Bank Financial lifted their price objective on Uranium Royalty from $3.75 to $4.00 and gave the company an “outperform” rating in a report on Monday, October 19th. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. HC Wainwright reiterated a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research report on Monday, October 19th. Finally, Weiss Ratings downgraded Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd.

Uranium Royalty Stock Performance

UROY stock opened at $2.82 on Friday. The business’s fifty day moving average is $3.85 and its 200-day moving average is $3.70. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. The company has a market cap of $1.06 billion, a P/E ratio of 31.33 and a beta of 1.48. Uranium Royalty has a twelve month low of $2.56 and a twelve month high of $5.52.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings results on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. The business had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. Equities research analysts forecast that Uranium Royalty will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Uranium Royalty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AXQ Capital LP bought a new position in shares of Uranium Royalty in the second quarter valued at $37,000. Royal Bank of Canada increased its holdings in shares of Uranium Royalty by 10.3% in the first quarter. Royal Bank of Canada now owns 146,282 shares of the company’s stock worth $534,000 after purchasing an additional 13,692 shares during the period. Sanctuary Advisors LLC increased its stake in Uranium Royalty by 46.9% in the 1st quarter. Sanctuary Advisors LLC now owns 58,750 shares of the company’s stock worth $214,000 after acquiring an additional 18,750 shares during the last quarter. Rathbones Group PLC grew its position in Uranium Royalty by 120.0% in the first quarter. Rathbones Group PLC now owns 55,000 shares of the company’s stock worth $201,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Uranium Royalty by 450.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 55,000 shares of the company’s stock worth $201,000 after buying an additional 45,000 shares during the last quarter. Institutional investors own 24.19% of the company’s stock.

About Uranium Royalty

Uranium Royalty Corp. is a Vancouver-based company focused on acquiring and managing royalties and other interests tied to uranium projects. Rather than operating mines, it provides exposure to the uranium sector through royalty agreements and holdings of physical uranium. The company’s portfolio includes interests connected to uranium properties in several jurisdictions, including Canada and the United States. Its activities may also include investments in other uranium-related companies. Uranium Royalty was established in 2017.