Uranium Royalty (NASDAQ:UROY) Lowered to Hold Rating by Zacks Research

Key Points

• Zacks Research downgraded Uranium Royalty from “strong buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $4.12.
• Uranium Royalty shares opened at $4.28, up 0.9%, with a $1.63 billion market capitalization; the stock has traded between $2.56 and $5.52 over the past year.
• The company reported quarterly earnings of $0.10 per share, exceeding estimates of $0.05, while revenue of $51.68 million fell short of the $156.54 million consensus forecast.

Uranium Royalty (NASDAQ:UROY - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Several other research firms have also recently commented on UROY. National Bank Financial initiated coverage on shares of Uranium Royalty in a research report on Wednesday, July 29th. They issued an "outperform" rating and a $3.75 target price for the company. HC Wainwright reiterated a "buy" rating and set a $4.50 price target on shares of Uranium Royalty in a research report on Thursday, July 16th. Finally, Weiss Ratings downgraded shares of Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $4.12.

Uranium Royalty Stock Up 0.9%

Shares of Uranium Royalty stock opened at $4.28 on Monday. The company has a market cap of $1.63 billion, a PE ratio of 214.00 and a beta of 1.42. The business has a 50 day moving average of $3.73 and a 200 day moving average of $3.58. Uranium Royalty has a 52 week low of $2.56 and a 52 week high of $5.52.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its quarterly earnings results on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $51.68 million for the quarter, compared to analysts' expectations of $156.54 million. Uranium Royalty had a net margin of 25.83% and a return on equity of 18.89%. On average, research analysts anticipate that Uranium Royalty will post 0.05 earnings per share for the current year.

Institutional Trading of Uranium Royalty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CenterBook Partners LP raised its position in shares of Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company's stock worth $15,744,000 after purchasing an additional 3,968,521 shares during the last quarter. Renaissance Technologies LLC grew its position in Uranium Royalty by 206.5% during 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Uranium Royalty during the 2nd quarter valued at about $402,000. Banque Cantonale Vaudoise increased its stake in Uranium Royalty by 153.0% during the 4th quarter. Banque Cantonale Vaudoise now owns 248,026 shares of the company's stock valued at $876,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Uranium Royalty during the 2nd quarter valued at about $421,000. Hedge funds and other institutional investors own 24.19% of the company's stock.

Uranium Royalty Company Profile

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.

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