Uranium Royalty Corp. (NASDAQ:UROY) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts give Uranium Royalty a “Moderate Buy” consensus: Three of five covering firms rate it a buy and two a hold; the average one-year price target is $4.25.
• The stock opened at $2.81, down 10.2%, and trades below its 50-day and 200-day moving averages. Its reported one-year range is $2.56 to $5.52.
• Quarterly EPS of $0.10 beat the $0.05 consensus, while revenue of $51.68 million fell short of analysts’ $52.23 million estimate.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $4.25.

A number of research firms have commented on UROY. HC Wainwright restated a "buy" rating and issued a $4.50 target price on shares of Uranium Royalty in a research report on Monday, October 19th. Weiss Ratings cut Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, October 23rd. National Bank Financial raised their price objective on Uranium Royalty from $3.75 to $4.00 and gave the stock an "outperform" rating in a research report on Monday, October 19th. Finally, Zacks Research downgraded Uranium Royalty from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in Uranium Royalty by 206.5% in 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 raised its position in Uranium Royalty by 189.0% in the first quarter. The Manufacturers Life Insurance Company now owns 149,821 shares of the company's stock valued at $547,000 after purchasing an additional 97,977 shares during the period. Royal Bank of Canada raised its position in Uranium Royalty by 10.3% in the first quarter. Royal Bank of Canada now owns 146,282 shares of the company's stock valued at $534,000 after purchasing an additional 13,692 shares during the period. Themes Management Co LLC raised its position in Uranium Royalty by 65.4% in the first quarter. Themes Management Co LLC now owns 140,715 shares of the company's stock valued at $516,000 after purchasing an additional 55,656 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Uranium Royalty during the second quarter worth $421,000. Hedge funds and other institutional investors own 24.19% of the company's stock.

Uranium Royalty Stock Down 10.2%

UROY stock opened at $2.81 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 31.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.88. The firm's 50 day moving average price is $3.98 and its 200-day moving average price is $3.74. Uranium Royalty has a one year low of $2.56 and a one year high of $5.52.

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, beating analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $51.68 million for the quarter, compared to analysts' expectations of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. On average, equities research analysts anticipate that Uranium Royalty will post 0.14 EPS for the current year.

Uranium Royalty Company Profile

Uranium Royalty Corp. NASDAQ: UROY is a uranium-focused royalty and streaming company. It provides investors with exposure to the uranium sector through a portfolio of uranium interests rather than operating a traditional mining business. The company's activities include acquiring uranium royalties, streams, offtake agreements, physical uranium, and equity interests in uranium exploration and development companies.

Uranium Royalty's portfolio is linked to projects and properties in established uranium-producing and exploration regions, including the United States, Canada, Australia, and Paraguay.

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