Uranium Royalty (NASDAQ:UROY) Stock Rating Upgraded by Zacks Research

Uranium Royalty (NASDAQ:UROY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on UROY. Wall Street Zen downgraded Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Raymond James Financial upgraded shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Uranium Royalty in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Uranium Royalty Stock Up 1.1%

Shares of NASDAQ UROY opened at $2.76 on Tuesday. Uranium Royalty has a 12 month low of $2.39 and a 12 month high of $5.52. The company has a market cap of $404.60 million, a price-to-earnings ratio of 138.07 and a beta of 1.40. The business has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.70.

Hedge Funds Weigh In On Uranium Royalty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UROY. CenterBook Partners LP grew its position in Uranium Royalty by 828.7% in the fourth 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 in the last quarter. Simcoe Capital LLC bought a new position in shares of Uranium Royalty during the 4th quarter valued at $4,001,000. Alps Advisors Inc. lifted its stake in shares of Uranium Royalty by 23.7% in the 4th 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 lifted its stake in shares of Uranium Royalty by 47.1% in the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after purchasing an additional 474,030 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Uranium Royalty by 7.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock valued at $30,406,000 after purchasing an additional 469,267 shares during the last quarter. Institutional investors own 24.19% of the company’s stock.

Uranium Royalty Company Profile

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.