Uranium Royalty (NASDAQ:UROY) Stock Price Up 6.8% – What’s Next?

Uranium Royalty Corp. (NASDAQ:UROY)’s stock price rose 6.8% during mid-day trading on Tuesday. The stock traded as high as $4.34 and last traded at $4.3450. 918,142 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 2,964,634 shares. The stock had previously closed at $4.07.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research report on Thursday, July 16th. Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. National Bank Financial initiated coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Uranium Royalty presently has a consensus rating of “Moderate Buy” and an average target price of $4.12.

Uranium Royalty Price Performance

The business has a fifty day moving average of $4.18 and a 200 day moving average of $3.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market cap of $1.58 billion, a PE ratio of 46.56 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%.The company had revenue of $51.68 million for the quarter, compared to the consensus estimate of $52.23 million. Sell-side analysts anticipate that Uranium Royalty Corp. will post 0.05 earnings per share for the current year.

Institutional Trading of Uranium Royalty

Several institutional investors have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise grew its holdings in Uranium Royalty by 9.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 272,026 shares of the company’s stock worth $994,000 after acquiring an additional 24,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Uranium Royalty by 206.5% in the 1st quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock valued at $718,000 after purchasing an additional 132,551 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at about $421,000. The Manufacturers Life Insurance Company lifted its position in shares of Uranium Royalty by 189.0% during the first quarter. The Manufacturers Life Insurance Company now owns 149,821 shares of the company’s stock worth $547,000 after purchasing an additional 97,977 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Uranium Royalty by 10.3% during the first quarter. Royal Bank of Canada now owns 146,282 shares of the company’s stock worth $534,000 after purchasing an additional 13,692 shares during the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

Uranium Royalty Company Profile

Uranium Royalty Corp. (NASDAQ: UROY) is a uranium-focused royalty and streaming company. It seeks exposure to the uranium sector through a portfolio of royalties, streams, debt and equity investments in uranium projects, as well as holdings of physical uranium. The company does not primarily operate mines; instead, its business model is designed to provide participation in uranium production and prices without directly bearing the full costs of mine development and operation.

Its interests are tied to uranium projects and properties in established producing and prospective regions, including Canada, the United States and Australia.