Uranium Royalty (NASDAQ:UROY) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised Uranium Royalty’s price target from $3.75 to $4.00 and maintained an “outperform” rating, implying 13.8% upside from the reported $3.52 share price.
• Analyst sentiment is broadly positive, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average target price of $4.25; HC Wainwright set the highest target at $4.50.
• Uranium Royalty reported quarterly EPS of $0.10, exceeding the $0.05 consensus estimate, although revenue of $51.68 million fell slightly short of expectations.

Uranium Royalty (NASDAQ:UROY - Get Free Report) had its target price boosted by equities researchers at National Bank Financial from $3.75 to $4.00 in a research note issued on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's target price suggests a potential upside of 13.80% from the stock's current price.

Several other research firms have also weighed in on UROY. Weiss Ratings raised shares of Uranium Royalty from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Zacks Research downgraded Uranium Royalty from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Finally, HC Wainwright reissued a "buy" rating and issued a $4.50 price objective on shares of Uranium Royalty in a research note on Monday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $4.25.

Uranium Royalty Stock Performance

Shares of UROY stock traded down $0.03 during mid-day trading on Monday, reaching $3.52. The stock had a trading volume of 1,145,845 shares, compared to its average volume of 2,962,679. Uranium Royalty has a one year low of $2.56 and a one year high of $5.52. The firm has a market cap of $1.33 billion, a PE ratio of 39.06 and a beta of 1.57. The firm's 50 day simple moving average is $4.21 and its 200 day simple moving average is $3.65. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.49.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its quarterly earnings data on Monday, September 14th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. The company had revenue of $51.68 million during the quarter, compared to the consensus estimate of $52.23 million. On average, analysts forecast that Uranium Royalty will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in shares of Uranium Royalty during the second quarter worth approximately $397,000. AXQ Capital LP acquired a new stake in shares of Uranium Royalty during the second quarter worth $37,000. Bank of America Corp DE acquired a new stake in shares of Uranium Royalty during the second quarter worth $129,000. Hsbc Holdings PLC bought a new stake in Uranium Royalty in the second quarter valued at about $174,000. Finally, The Manufacturers Life Insurance Company bought a new position in Uranium Royalty during the second quarter worth about $402,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

About Uranium Royalty

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.

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