Uranium Royalty (NASDAQ:UROY) Shares Up 6.8% - What's Next?

Key Points

• Uranium Royalty shares rose 6.8% to about $4.35 in Tuesday trading, giving the company a market capitalization of approximately $1.63 billion.
• Analyst sentiment remains generally positive, with three Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $4.12.
• The company exceeded quarterly EPS expectations, reporting $0.10 versus the $0.05 consensus estimate, while institutional investors own 24.19% of outstanding shares.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) shares shot up 6.8% during trading on Tuesday. The stock traded as high as $4.34 and last traded at $4.3450. 918,142 shares were traded during mid-day trading, a decline of 69% from the average session volume of 2,964,634 shares. The stock had previously closed at $4.07.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research cut shares of Uranium Royalty from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Weiss Ratings downgraded shares of Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. National Bank Financial assumed coverage on shares of Uranium Royalty in a research report on Wednesday, July 29th. They set an "outperform" rating and a $3.75 target price on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and set a $4.50 price objective on shares of Uranium Royalty in a report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.12.

Uranium Royalty Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $4.12 and a 200-day moving average of $3.61. The firm has a market capitalization of $1.63 billion, a P/E ratio of 47.99 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its earnings results on Monday, September 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $51.68 million during 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%. Equities analysts predict that Uranium Royalty Corp. will post 0.05 EPS for the current fiscal year.

Institutional Trading of Uranium Royalty

A number of large investors have recently made changes to their positions in the company. CenterBook Partners LP boosted its holdings in Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company's stock valued at $15,744,000 after purchasing an additional 3,968,521 shares during the period. Quantbot Technologies LP bought a new position in shares of Uranium Royalty in the 2nd quarter valued at $421,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $402,000. Squarepoint Ops LLC bought a new stake in shares of Uranium Royalty during the second quarter worth $397,000. Finally, Renaissance Technologies LLC grew its position in 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 acquiring an additional 132,551 shares during the last quarter. Institutional investors 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 seeks exposure to the uranium sector through a portfolio of royalties, streams, debt and equity investments in uranium projects, as well as holdings of physical uranium. The company does not primarily operate mines; instead, its business model is designed to provide participation in uranium production and prices without directly bearing the full costs of mine development and operation.

Its interests are tied to uranium projects and properties in established producing and prospective regions, including Canada, the United States and Australia.

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