Uranium Royalty (NASDAQ:UROY) Shares Down 4.2% - Here's Why

Key Points

• Uranium Royalty shares fell 4.2% to about $3.55 in midday trading, while trading volume plunged 92% below the average daily level.
• Analyst sentiment remains relatively positive despite recent downgrades: UROY has a consensus “Moderate Buy” rating and an average price target of $4.25, above its current price.
• The company reported quarterly EPS of $0.10, beating estimates by $0.05, though revenue of $51.68 million came in slightly below consensus. Institutional investors own 24.19% of the stock.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s stock price dropped 4.2% during mid-day trading on Wednesday. The company traded as low as $3.55 and last traded at $3.5450. 236,400 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,937,628 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

UROY has been the topic of several analyst reports. Weiss Ratings downgraded shares of Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday. National Bank Financial boosted their price target on Uranium Royalty from $3.75 to $4.00 and gave the stock an "outperform" rating in a research report on Monday, October 19th. HC Wainwright reiterated a "buy" rating and set a $4.50 price target on shares of Uranium Royalty in a research note on Monday, October 19th. Finally, Zacks Research lowered Uranium Royalty from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $4.25.

Uranium Royalty Trading Down 3.6%

The company's fifty day moving average is $4.12 and its 200-day moving average is $3.77. The firm has a market capitalization of $1.34 billion, a P/E ratio of 39.39 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its earnings results on Monday, September 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $51.68 million during the quarter, compared to the consensus estimate of $52.23 million. On average, equities research analysts anticipate that Uranium Royalty Corp. will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Uranium Royalty during the second quarter worth about $421,000. The Manufacturers Life Insurance Company bought a new stake in shares of Uranium Royalty in the 2nd quarter worth approximately $402,000. Squarepoint Ops LLC bought a new stake in shares of Uranium Royalty in the 2nd quarter worth approximately $397,000. Renaissance Technologies LLC grew its holdings in shares of Uranium Royalty by 206.5% during the 1st quarter. Renaissance Technologies LLC now owns 196,751 shares of the company's stock worth $718,000 after purchasing an additional 132,551 shares in the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Uranium Royalty during the 2nd quarter worth approximately $227,000. Institutional investors and hedge funds 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 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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