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

Uranium Royalty (NASDAQ:UROY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. National Bank Financial started coverage on shares of Uranium Royalty in a report on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 target price on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $4.50 target price on shares of Uranium Royalty in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.12.

Uranium Royalty Trading Up 0.9%

NASDAQ:UROY opened at $4.28 on Monday. Uranium Royalty has a 1-year low of $2.56 and a 1-year high of $5.52. The firm has a fifty day simple moving average of $3.73 and a 200 day simple moving average of $3.58. The stock has a market capitalization of $1.63 billion, a PE ratio of 214.00 and a beta of 1.42.

Uranium Royalty (NASDAQ:UROY) last issued its earnings results on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Uranium Royalty had a net margin of 25.83% and a return on equity of 18.89%. The business had revenue of $51.68 million for the quarter, compared to the consensus estimate of $156.54 million. On average, equities analysts predict that Uranium Royalty will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CenterBook Partners LP increased its holdings in shares of Uranium Royalty by 828.7% during the fourth quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after purchasing an additional 3,968,521 shares during the period. Quantbot Technologies LP bought a new stake in shares of Uranium Royalty in the second quarter valued at approximately $421,000. Banque Cantonale Vaudoise grew its position in Uranium Royalty by 153.0% during the fourth quarter. Banque Cantonale Vaudoise now owns 248,026 shares of the company’s stock worth $876,000 after buying an additional 150,000 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Uranium Royalty during the second quarter worth approximately $402,000. Finally, Squarepoint Ops LLC bought a new position in Uranium Royalty during the 2nd quarter worth $397,000. 24.19% of the stock is owned by institutional investors and hedge funds.

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.