Uranium Royalty Corp. (NASDAQ:UROY) Stock Has Consensus Target Price of $4.12

Key Points

• Analyst sentiment is moderately positive: Five analysts give Uranium Royalty a consensus “Moderate Buy” rating, with three buys and two holds. The average 12-month price target is $4.12.
• UROY opened at $4.18 and has traded between $2.56 and $5.52 over the past year; its market capitalization is approximately $1.58 billion. The company recently reported adjusted earnings of $0.10 per share, beating the $0.05 consensus estimate, though revenue of $51.68 million was slightly below expectations.
• Institutional ownership stands at 24.19%, with several investors—including Renaissance Technologies and The Manufacturers Life Insurance Company—increasing their stakes. Uranium Royalty gains uranium exposure through royalties, streams, investments and physical uranium holdings rather than directly operating mines.

Shares of Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.12.

UROY has been the subject of a number of research reports. 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. National Bank Financial assumed coverage on Uranium Royalty in a research note on Wednesday, July 29th. They set an "outperform" rating and a $3.75 price target on the stock. Zacks Research lowered Uranium Royalty from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Finally, Weiss Ratings raised Uranium Royalty from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday.

Uranium Royalty Stock Performance

NASDAQ UROY opened at $4.18 on Monday. Uranium Royalty has a 12-month low of $2.56 and a 12-month high of $5.52. The company has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $3.63. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.58 billion, a P/E ratio of 46.44 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, beating 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 firm had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. On average, analysts forecast that Uranium Royalty will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Royalty

A number of large investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its holdings in Uranium Royalty by 9.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 272,026 shares of the company's stock worth $994,000 after buying an additional 24,000 shares during the period. Renaissance Technologies LLC lifted its stake 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 acquiring an additional 132,551 shares during the period. Quantbot Technologies LP acquired a new stake in Uranium Royalty during the 2nd quarter valued at approximately $421,000. The Manufacturers Life Insurance Company lifted its stake in Uranium Royalty by 189.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 149,821 shares of the company's stock valued at $547,000 after acquiring an additional 97,977 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Uranium Royalty by 10.3% in the 1st quarter. Royal Bank of Canada now owns 146,282 shares of the company's stock valued at $534,000 after acquiring an additional 13,692 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company's stock.

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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