Uranium Royalty (NASDAQ:UROY) Posts Earnings Results, Beats Estimates By $0.05 EPS

Uranium Royalty (NASDAQ:UROY) released its quarterly earnings results on Monday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05, Zacks reports. Uranium Royalty had a net margin of 21.11% and a return on equity of 14.24%. The business had revenue of $51.00 million for the quarter, compared to the consensus estimate of $156.54 million.

Uranium Royalty Stock Performance

Shares of UROY opened at $4.24 on Tuesday. The stock has a market capitalization of $1.62 billion, a PE ratio of 212.11 and a beta of 1.42. The company’s fifty day moving average is $3.69 and its 200 day moving average is $3.59. Uranium Royalty has a fifty-two week low of $2.56 and a fifty-two week high of $5.52.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UROY shares. National Bank Financial began coverage on Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price objective on the stock. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. HC Wainwright restated a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research note on Thursday, July 16th. Finally, Weiss Ratings lowered Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $4.12.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.