Uranium Royalty (NASDAQ:UROY) Stock Price Down 14.2% – Here’s Why

Uranium Royalty Corp. (NASDAQ:UROY) shares fell 14.2% during trading on Thursday . The stock traded as low as $4.68 and last traded at $4.6850. 2,134,980 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 3,482,934 shares. The stock had previously closed at $5.46.

Wall Street Analysts Forecast Growth

UROY has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Uranium Royalty in a report on Wednesday, January 21st. Zacks Research lowered Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Uranium Royalty in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uranium Royalty presently has a consensus rating of “Hold” and an average target price of $4.50.

Uranium Royalty Price Performance

The company’s 50-day moving average is $3.94 and its 200-day moving average is $3.65.

Uranium Royalty (NASDAQ:UROY) last released its quarterly earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $0.03 million for the quarter. Uranium Royalty had a net margin of 1.95% and a negative return on equity of 1.26%. Analysts expect that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Institutional Trading of Uranium Royalty

A number of institutional investors have recently modified their holdings of the stock. Apollon Wealth Management LLC acquired a new position in Uranium Royalty in the 2nd quarter worth about $25,000. Corient Private Wealth LLC bought a new stake in shares of Uranium Royalty in the second quarter valued at $29,000. Baron Wealth Management LLC purchased a new position in Uranium Royalty during the 4th quarter valued at about $44,000. Thompson Davis & CO. Inc. bought a new stake in shares of Uranium Royalty during the 2nd quarter worth $33,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Uranium Royalty in the 4th quarter valued at about $47,000. 24.19% of the stock is currently 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.