MMCAP International Inc. SPC Sells 855,469 Shares of Uranium Royalty Corp. (NASDAQ:UROY)

Key Points

• MMCAP International Inc. SPC reduced its stake in Uranium Royalty Corp. by 58.3%, now holding 612,711 shares valued at approximately $1,078,000 as of its latest SEC filing.
• HC Wainwright lowered their price target for Uranium Royalty from $7.70 to $4.50, while still maintaining a "buy" rating.
• Uranium Royalty reported earnings of ($0.01) per share, meeting analyst estimates, but significantly below revenue expectations of $9.49 million with actual revenue at $3.30 million.

MMCAP International Inc. SPC decreased its position in shares of Uranium Royalty Corp. (NASDAQ:UROY - Free Report) by 58.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,711 shares of the company's stock after selling 855,469 shares during the period. MMCAP International Inc. SPC owned about 0.46% of Uranium Royalty worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc increased its position in shares of Uranium Royalty by 718.9% in the 1st quarter. Accordant Advisory Group Inc now owns 2,334,486 shares of the company's stock worth $4,109,000 after purchasing an additional 2,049,409 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Uranium Royalty by 3,613.3% in the 4th quarter. Millennium Management LLC now owns 518,784 shares of the company's stock valued at $1,136,000 after buying an additional 504,813 shares during the period. Renaissance Technologies LLC acquired a new position in Uranium Royalty during the 4th quarter valued at about $1,062,000. Alps Advisors Inc. raised its position in shares of Uranium Royalty by 9.9% during the 1st quarter. Alps Advisors Inc. now owns 2,991,153 shares of the company's stock worth $5,264,000 after buying an additional 269,810 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Uranium Royalty by 488.0% in the 1st quarter. XTX Topco Ltd now owns 134,515 shares of the company's stock worth $237,000 after purchasing an additional 111,638 shares in the last quarter. Hedge funds and other institutional investors own 24.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their target price on shares of Uranium Royalty from $7.70 to $4.50 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.

Uranium Royalty Stock Up 1.3%

Shares of UROY stock traded up $0.04 during trading hours on Thursday, reaching $2.64. 1,161,688 shares of the stock traded hands, compared to its average volume of 3,070,668. The business has a fifty day moving average price of $2.54 and a 200 day moving average price of $2.17. Uranium Royalty Corp. has a 1-year low of $1.43 and a 1-year high of $3.30. The firm has a market capitalization of $352.13 million, a PE ratio of -87.83 and a beta of 1.31.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its earnings results on Wednesday, July 16th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $3.30 million during the quarter, compared to the consensus estimate of $9.49 million. Research analysts expect that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

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.