Uranium Royalty (NASDAQ:UROY) Stock Price Up 10% - What's Next?

Key Points

• Uranium Royalty shares jumped 10% to approximately $4.89, with about 2.13 million shares traded. The stock’s market capitalization is $1.85 billion, while its 50-day and 200-day moving averages are $3.52 and $3.57, respectively.
• Analyst sentiment is broadly positive: UROY has a consensus “Buy” rating and an average price target of $4.12, including recent “strong buy,” “outperform,” and “buy” ratings.
• Institutional investors own 24.19% of the company, with several firms increasing their positions. Uranium Royalty provides uranium-price exposure through royalties and streaming interests rather than operating mines directly.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s stock price shot up 10% on Tuesday . The stock traded as high as $4.85 and last traded at $4.8850. 2,133,584 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 2,776,382 shares. The stock had previously closed at $4.44.

Wall Street Analyst Weigh In

UROY has been the subject of several research analyst reports. Zacks Research raised shares of Uranium Royalty from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. National Bank Financial began coverage on Uranium Royalty in a research note on Wednesday, July 29th. They issued an "outperform" rating and a $3.75 price objective for the company. HC Wainwright reiterated a "buy" rating and issued a $4.50 target price on shares of Uranium Royalty in a report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Uranium Royalty has a consensus rating of "Buy" and a consensus target price of $4.12.

Uranium Royalty Trading Up 9.3%

The stock has a market capitalization of $1.85 billion, a PE ratio of 242.87 and a beta of 1.42. The stock's fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.57.

Institutional Investors Weigh In On Uranium Royalty

A number of institutional investors have recently added to or reduced their stakes in the company. Oxford Asset Management LLP lifted its position in shares of Uranium Royalty by 13.2% during the 4th quarter. Oxford Asset Management LLP now owns 33,242 shares of the company's stock worth $118,000 after buying an additional 3,877 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Uranium Royalty by 7.5% in the fourth quarter. Royal Bank of Canada now owns 132,590 shares of the company's stock valued at $470,000 after acquiring an additional 9,200 shares in the last quarter. LPL Financial LLC increased its position in shares of Uranium Royalty by 7.3% during the fourth quarter. LPL Financial LLC now owns 160,522 shares of the company's stock valued at $568,000 after acquiring an additional 10,982 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Uranium Royalty during the second quarter valued at approximately $29,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Uranium Royalty during the fourth quarter worth $44,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.

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