MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.72 Million Stock Position in Uranium Royalty Corp. $UROY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Uranium Royalty Corp. by 5.0%, acquiring an additional 361,238 shares, bringing its total ownership to approximately 7.59 million shares worth around $13.7 million.
• Several other hedge funds, including Vident Advisory LLC and XTX Topco Ltd., also increased their stakes in Uranium Royalty, highlighting a growing interest among institutional investors as they collectively own 24.19% of the company.
• Uranium Royalty's shares were trading at $3.22 with a market capitalization of $430.32 million, while the company reported quarterly earnings matching analysts' estimates but with revenue falling short of expectations.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Uranium Royalty Corp. (NASDAQ:UROY - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,590,834 shares of the company's stock after acquiring an additional 361,238 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 5.68% of Uranium Royalty worth $13,718,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Uranium Royalty in the 4th quarter worth about $30,000. Private Advisor Group LLC acquired a new stake in shares of Uranium Royalty in the 1st quarter worth about $27,000. Welch Group LLC acquired a new stake in shares of Uranium Royalty in the 1st quarter worth about $31,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Uranium Royalty in the 1st quarter worth about $50,000. Finally, Grimes & Company Inc. acquired a new stake in shares of Uranium Royalty in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Uranium Royalty from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $4.00.

Uranium Royalty Stock Down 2.5%

Uranium Royalty stock traded down $0.08 during trading hours on Friday, hitting $3.14. 1,950,386 shares of the company traded hands, compared to its average volume of 2,642,815. The firm has a market cap of $419.63 million, a P/E ratio of -314.00 and a beta of 1.32. The firm's 50-day simple moving average is $2.81 and its two-hundred day simple moving average is $2.28. Uranium Royalty Corp. has a 1-year low of $1.43 and a 1-year high of $3.34.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $28.90 million for the quarter, compared to analysts' expectations of $9.49 million. Uranium Royalty had a negative net margin of 2.90% and a negative return on equity of 0.56%. On average, equities research analysts predict that Uranium Royalty Corp. will post 0.01 earnings per share for the current year.

Uranium Royalty Company 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.