Renaissance Technologies LLC Acquires Shares of 484,970 Uranium Royalty Corp. (NASDAQ:UROY)

Renaissance Technologies LLC bought a new stake in Uranium Royalty Corp. (NASDAQ:UROY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 484,970 shares of the company's stock, valued at approximately $1,062,000. Renaissance Technologies LLC owned about 0.36% of Uranium Royalty at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sprott Inc. grew its stake in Uranium Royalty by 108.2% in the 4th quarter. Sprott Inc. now owns 834,478 shares of the company's stock worth $1,828,000 after acquiring an additional 433,682 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of Uranium Royalty during the fourth quarter worth $624,000. LPL Financial LLC increased its stake in Uranium Royalty by 215.2% in the fourth quarter. LPL Financial LLC now owns 126,475 shares of the company's stock valued at $277,000 after purchasing an additional 86,350 shares during the last quarter. National Bank of Canada FI increased its stake in Uranium Royalty by 259.9% in the fourth quarter. National Bank of Canada FI now owns 66,535 shares of the company's stock valued at $146,000 after purchasing an additional 48,046 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new position in Uranium Royalty during the fourth quarter worth about $60,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Royalty Price Performance

NASDAQ UROY traded up $0.10 during mid-day trading on Tuesday, hitting $1.93. The company's stock had a trading volume of 5,042,035 shares, compared to its average volume of 1,965,840. The firm has a market capitalization of $257.92 million, a P/E ratio of 64.35 and a beta of 1.20. Uranium Royalty Corp. has a 52-week low of $1.43 and a 52-week high of $3.12. The stock's fifty day simple moving average is $1.77 and its two-hundred day simple moving average is $2.21.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). On average, equities analysts forecast that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Raymond James assumed coverage on shares of Uranium Royalty in a research note on Thursday, February 6th. They set an "outperform" rating for the company. National Bank Financial initiated coverage on shares of Uranium Royalty in a report on Wednesday, February 12th. They issued a "sector perform" rating on the stock. Finally, HC Wainwright dropped their price objective on Uranium Royalty from $7.70 to $4.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd.

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.