Uranium Royalty (NASDAQ:UROY) Trading Down 6% - Here's What Happened

Key Points

• Uranium Royalty shares fell 6% to $4.285, with trading volume down 90% from the average session. The decline occurred despite the stock trading above its 50-day and 200-day moving averages.
• Analyst sentiment remains generally positive but has softened: three analysts rate the stock Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and a $4.12 target price.
• The company exceeded quarterly earnings expectations, reporting $0.10 EPS versus a $0.05 estimate, although revenue of $51.68 million came in slightly below forecasts. Institutional investors own 24.19% of the stock.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s share price dropped 6% on Monday . The stock traded as low as $4.36 and last traded at $4.2850. Approximately 286,602 shares were traded during trading, a decline of 90% from the average session volume of 2,973,037 shares. The stock had previously closed at $4.56.

Analyst Ratings Changes

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

Uranium Royalty Stock Performance

The firm's 50 day simple moving average is $3.83 and its 200-day simple moving average is $3.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.88.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. On average, sell-side analysts forecast that Uranium Royalty Corp. will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

Several large investors have recently modified their holdings of UROY. AXQ Capital LP bought a new stake in Uranium Royalty during the 2nd quarter valued at approximately $37,000. Hunter Associates Investment Management LLC bought a new position in Uranium Royalty during the first quarter worth $55,000. Apella Capital LLC acquired a new position in Uranium Royalty during the 1st quarter valued at $72,000. Total Wealth Planning & Management Inc. acquired a new position in Uranium Royalty during the 4th quarter valued at $70,000. Finally, Bank of America Corp DE bought a new stake in Uranium Royalty in the 2nd quarter valued at $129,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company's portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.

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