Uranium Royalty (NASDAQ:UROY) Trading Down 6% – Here’s Why

Uranium Royalty Corp. (NASDAQ:UROY)’s share price fell 6% during trading on Monday . The stock traded as low as $4.36 and last traded at $4.2850. Approximately 286,602 shares changed hands during trading, a decline of 90% from the average session volume of 2,973,037 shares. The stock had previously closed at $4.56.

Wall Street Analyst Weigh In

UROY has been the topic of several recent analyst reports. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. HC Wainwright reissued a “buy” rating and set a $4.50 price target on shares of Uranium Royalty in a report on Thursday, July 16th. National Bank Financial began coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price objective on the stock. Finally, Weiss Ratings lowered shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Uranium Royalty has a consensus rating of “Moderate Buy” and a consensus target price of $4.12.

Uranium Royalty Stock Performance

The stock has a 50 day moving average price of $3.90 and a two-hundred day moving average price of $3.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. The firm had revenue of $51.68 million during the quarter, compared to analysts’ expectations of $52.23 million. On average, analysts expect that Uranium Royalty Corp. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of UROY. AXQ Capital LP acquired a new stake in Uranium Royalty in the second quarter valued at $37,000. Hunter Associates Investment Management LLC acquired a new stake in Uranium Royalty during the 1st quarter worth approximately $55,000. Total Wealth Planning & Management Inc. bought a new position in Uranium Royalty during the 4th quarter worth $70,000. Apella Capital LLC acquired a new stake in Uranium Royalty in the 1st quarter worth about $72,000. Finally, Bank of America Corp DE acquired a new stake in shares of Uranium Royalty in the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.