Uranium Royalty (NASDAQ:UROY) Announces Quarterly Earnings Results

Uranium Royalty (NASDAQ:UROY) released its quarterly earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05, Zacks reports. Uranium Royalty had a return on equity of 18.89% and a net margin of 25.83%.The business had revenue of $51.68 million during the quarter, compared to the consensus estimate of $156.54 million.

Uranium Royalty Stock Performance

UROY opened at $4.28 on Wednesday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 214.00 and a beta of 1.42. The company has a fifty day moving average of $3.73 and a 200 day moving average of $3.58. Uranium Royalty has a fifty-two week low of $2.56 and a fifty-two week high of $5.52.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UROY shares. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday. HC Wainwright restated a “buy” rating and issued a $4.50 price objective on shares of Uranium Royalty in a research note on Thursday, July 16th. National Bank Financial started coverage on Uranium Royalty in a report on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 target price on the stock. Finally, Weiss Ratings cut Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.12.

About Uranium Royalty

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.