Raymond James Financial Reaffirms Market Perform Rating for Uranium Royalty (NASDAQ:UROY)

Key Points

• Raymond James Financial has reiterated its "market perform" rating for Uranium Royalty (NASDAQ: UROY) amidst a favorable stock performance, with shares trading up 23.2% recently.
• Uranium Royalty's quarterly earnings exceeded expectations, reporting $0.01 EPS and revenue of $28.90 million, significantly higher than the consensus estimate of $9.49 million.
• A recent analyst upgrade from Wall Street Zen raised Uranium Royalty’s rating from "sell" to "hold," contributing to a current average rating of "Moderate Buy" with a consensus target price of $4.00.

Uranium Royalty (NASDAQ:UROY - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at Raymond James Financial in a research report issued on Tuesday.

Separately, Wall Street Zen upgraded shares of Uranium Royalty from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.00.

Uranium Royalty Trading Up 23.2%

UROY opened at $4.57 on Tuesday. The company has a 50 day moving average of $2.98 and a 200 day moving average of $2.36. Uranium Royalty has a 12 month low of $1.43 and a 12 month high of $4.59. The company has a market cap of $610.73 million, a PE ratio of -457.00 and a beta of 1.32.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Uranium Royalty had a negative net margin of 2.90% and a negative return on equity of 0.56%. The firm had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million. Research analysts forecast that Uranium Royalty will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

A number of large investors have recently made changes to their positions in UROY. Accordant Advisory Group Inc boosted its stake in shares of Uranium Royalty by 718.9% during 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 period. Millennium Management LLC boosted its stake in shares of Uranium Royalty by 3,613.3% during the 4th quarter. Millennium Management LLC now owns 518,784 shares of the company's stock worth $1,136,000 after purchasing an additional 504,813 shares during the period. Vident Advisory LLC boosted its stake in shares of Uranium Royalty by 47.1% during the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company's stock worth $3,700,000 after purchasing an additional 474,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Uranium Royalty by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,590,834 shares of the company's stock worth $13,718,000 after purchasing an additional 361,238 shares during the period. Finally, Alps Advisors Inc. boosted its stake 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 purchasing an additional 269,810 shares during the period. 24.19% of the stock is owned by hedge funds and other institutional investors.

Uranium Royalty Company 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.

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