HC Wainwright Reaffirms "Buy" Rating for Uranium Royalty (NASDAQ:UROY)

Key Points

• HC Wainwright reaffirmed its “Buy” rating on Uranium Royalty and maintained a $4.50 price target, implying approximately 27.66% upside from the stock’s $3.53 price.
• Analyst sentiment remains favorable, with three Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $4.13.
• Uranium Royalty reported quarterly EPS of $0.10, beating expectations of $0.05, while revenue reached $51.68 million; institutional investors and hedge funds own 24.19% of the company.

Uranium Royalty (NASDAQ:UROY - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at HC Wainwright in a report issued on Monday, Benzinga reports. They currently have a $4.50 price target on the stock. HC Wainwright's target price would indicate a potential upside of 27.66% from the company's current price.

A number of other brokerages 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 research note on Thursday, October 8th. Zacks Research cut shares of Uranium Royalty from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Finally, National Bank Financial started coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They set an "outperform" rating and a $3.75 price objective on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $4.13.

Uranium Royalty Stock Performance

Shares of UROY traded down $0.02 during trading hours on Monday, reaching $3.53. 415,303 shares of the company's stock traded hands, compared to its average volume of 2,959,008. Uranium Royalty has a twelve month low of $2.56 and a twelve month high of $5.52. The business's fifty day simple moving average is $4.21 and its two-hundred day simple moving average is $3.65. 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 firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 39.17 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its earnings results on Monday, September 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $51.68 million during the quarter, compared to analyst estimates of $52.23 million. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. Analysts predict that Uranium Royalty will post 0.11 earnings per share for the current year.

Institutional Trading of Uranium Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP acquired a new position in Uranium Royalty in the second quarter worth approximately $37,000. Hunter Associates Investment Management LLC acquired a new stake in shares of Uranium Royalty during the 1st quarter valued at $55,000. Apella Capital LLC acquired a new stake in shares of Uranium Royalty during the 1st quarter valued at $72,000. Bank of America Corp DE bought a new stake in shares of Uranium Royalty during the 2nd quarter worth $129,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Uranium Royalty during the 2nd quarter worth $163,000. 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.