Uranium Royalty (NASDAQ:UROY) Given “Buy” Rating at HC Wainwright

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They currently have a $4.50 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 63.04% from the stock’s previous close.

Several other research firms have also recently commented on UROY. Weiss Ratings restated a “hold (c-)” rating on shares of Uranium Royalty in a report on Tuesday, June 9th. Raymond James Financial upgraded shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Uranium Royalty from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Zacks Research upgraded Uranium Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Uranium Royalty presently has an average rating of “Buy” and an average price target of $4.50.

Uranium Royalty Price Performance

Shares of UROY opened at $2.76 on Thursday. The company has a market capitalization of $404.60 million, a price-to-earnings ratio of 138.07 and a beta of 1.40. Uranium Royalty has a fifty-two week low of $2.39 and a fifty-two week high of $5.52. The business’s 50-day moving average is $3.21 and its 200-day moving average is $3.70.

Institutional Trading of Uranium Royalty

Several large investors have recently modified their holdings of the company. CenterBook Partners LP lifted its position in Uranium Royalty by 828.7% during the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after acquiring an additional 3,968,521 shares during the last quarter. Simcoe Capital LLC acquired a new stake in shares of Uranium Royalty in the fourth quarter valued at about $4,001,000. Alps Advisors Inc. grew its position in shares of Uranium Royalty by 23.7% in the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock valued at $13,780,000 after purchasing an additional 745,145 shares during the last quarter. Vident Advisory LLC increased its stake in shares of Uranium Royalty by 47.1% in the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock worth $3,700,000 after purchasing an additional 474,030 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Uranium Royalty by 7.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock worth $30,406,000 after purchasing an additional 469,267 shares during the last quarter. 24.19% of the stock is owned by institutional investors.

About Uranium Royalty

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.