Millennium Management LLC Grows Stock Holdings in Uranium Royalty Corp. (NASDAQ:UROY)

Millennium Management LLC grew its position in Uranium Royalty Corp. (NASDAQ:UROY - Free Report) by 3,613.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518,784 shares of the company's stock after acquiring an additional 504,813 shares during the period. Millennium Management LLC owned about 0.39% of Uranium Royalty worth $1,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UROY. Legato Capital Management LLC purchased a new stake in shares of Uranium Royalty in the fourth quarter valued at about $60,000. Mountain Lake Investment Management LLC acquired a new position in shares of Uranium Royalty in the fourth quarter valued at approximately $33,000. Sprott Inc. raised its position in shares of Uranium Royalty by 108.2% in the fourth quarter. Sprott Inc. now owns 834,478 shares of the company's stock valued at $1,828,000 after buying an additional 433,682 shares during the last quarter. Sage Investment Counsel LLC acquired a new position in shares of Uranium Royalty in the fourth quarter valued at approximately $55,000. Finally, Bailard Inc. raised its position in shares of Uranium Royalty by 25.4% in the fourth quarter. Bailard Inc. now owns 60,700 shares of the company's stock valued at $133,000 after buying an additional 12,300 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company's stock.

Uranium Royalty Price Performance

UROY stock traded up $0.06 on Friday, hitting $2.34. 1,861,046 shares of the company were exchanged, compared to its average volume of 2,215,952. Uranium Royalty Corp. has a twelve month low of $1.43 and a twelve month high of $3.12. The business's fifty day moving average is $1.90 and its two-hundred day moving average is $2.10. The stock has a market capitalization of $312.71 million, a price-to-earnings ratio of 78.03 and a beta of 1.28.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Equities research analysts expect that Uranium Royalty Corp. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. National Bank Financial assumed coverage on shares of Uranium Royalty in a research report on Wednesday, February 12th. They issued a "sector perform" rating for the company. HC Wainwright cut their price objective on shares of Uranium Royalty from $7.70 to $4.50 and set a "buy" rating for the company in a research report on Tuesday, April 22nd.

Uranium Royalty Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.