Brokerages Set Uranium Royalty Corp. (NASDAQ:UROY) Target Price at $4.12

Uranium Royalty Corp. (NASDAQ:UROY) has been given an average rating of “Moderate Buy” by the five analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.1250.

Several brokerages have weighed in on UROY. Weiss Ratings lowered shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. HC Wainwright restated a “buy” rating and issued a $4.50 price objective 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 report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price objective for the company. Finally, Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new position in shares of Uranium Royalty in the 2nd quarter valued at about $397,000. AXQ Capital LP purchased a new stake in shares of Uranium Royalty during the second quarter worth approximately $37,000. Bank of America Corp DE purchased a new stake in shares of Uranium Royalty during the second quarter worth approximately $129,000. Hsbc Holdings PLC acquired a new stake in Uranium Royalty in the second quarter valued at approximately $174,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Uranium Royalty in the second quarter worth approximately $402,000. 24.19% of the stock is owned by institutional investors and hedge funds.

Uranium Royalty Price Performance

Shares of Uranium Royalty stock opened at $4.42 on Thursday. The stock has a 50 day moving average of $3.93 and a 200 day moving average of $3.60. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Uranium Royalty has a fifty-two week low of $2.56 and a fifty-two week high of $5.52.

Uranium Royalty (NASDAQ:UROY) last released its quarterly 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. The business had revenue of $51.68 million during the quarter, compared to analysts’ expectations of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. As a group, sell-side analysts forecast that Uranium Royalty will post 0.05 earnings per share for the current fiscal year.

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.