Uranium Royalty Corp. (NASDAQ:UROY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Uranium Royalty “Moderate Buy.” Three of five covering analysts recommend buying the stock, while two rate it a hold; the average 12-month price target is $4.125.
• UROY reported mixed quarterly results. Earnings per share came in at $0.10, beating the $0.05 consensus estimate, while revenue of $51.68 million was slightly below the $52.23 million forecast.
• Institutional ownership stands at 24.19%. Several investment firms recently initiated positions, and the stock was trading at $4.39, with a market capitalization of approximately $1.66 billion.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $4.1250.

Several equities research analysts have weighed in on UROY shares. National Bank Financial assumed coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They issued an "outperform" rating and a $3.75 target price for the company. HC Wainwright reaffirmed a "buy" rating and set a $4.50 price target on shares of Uranium Royalty in a research report on Thursday, July 16th. Weiss Ratings lowered Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. Finally, Zacks Research cut Uranium Royalty from a "strong-buy" rating to a "hold" rating in a research report on Monday.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors have recently added to or reduced their stakes in UROY. AXQ Capital LP purchased a new stake in shares of Uranium Royalty during the second quarter worth about $37,000. Hunter Associates Investment Management LLC purchased a new position in shares of Uranium Royalty in the 1st quarter valued at approximately $55,000. Apella Capital LLC acquired a new stake in Uranium Royalty in the 1st quarter worth approximately $72,000. Total Wealth Planning & Management Inc. acquired a new stake in Uranium Royalty in the 4th quarter worth approximately $70,000. Finally, Bank of America Corp DE purchased a new stake in Uranium Royalty during the 2nd quarter worth approximately $129,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Uranium Royalty Stock Performance

UROY stock opened at $4.39 on Thursday. 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 $1.66 billion, a price-to-earnings ratio of 219.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 5.32 and a current ratio of 0.88. The firm has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $3.58.

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

About Uranium Royalty

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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