Uranium Royalty Corp. (NASDAQ:UROY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Uranium Royalty Corp. has received an average rating of "Moderate Buy" from analysts, with a one-year price target of $4.00 and mixed ratings from four brokerages.
• Institutional investors have shown strong interest, with Accordant Advisory Group Inc increasing its stake by 718.9% and other firms also boosting their holdings significantly.
• Uranium Royalty reported a positive earnings surprise with $0.01 EPS for the quarter, exceeding expectations and showing substantial revenue of $28.90 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the four brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $4.00.

Several brokerages have weighed in on UROY. Wall Street Zen upgraded shares of Uranium Royalty from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Weiss Ratings restated a "sell (d+)" rating on shares of Uranium Royalty in a research report on Saturday, September 27th. Finally, Raymond James Financial restated a "market perform" rating on shares of Uranium Royalty in a research report on Tuesday, September 23rd.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors have recently bought and sold shares of the business. Accordant Advisory Group Inc lifted its holdings in Uranium Royalty by 718.9% in the 1st quarter. Accordant Advisory Group Inc now owns 2,334,486 shares of the company's stock worth $4,109,000 after buying an additional 2,049,409 shares in the last quarter. Millennium Management LLC boosted its stake in Uranium Royalty by 3,613.3% during the 4th quarter. Millennium Management LLC now owns 518,784 shares of the company's stock valued at $1,136,000 after purchasing an additional 504,813 shares during the period. Vident Advisory LLC boosted its stake in Uranium Royalty by 47.1% during the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company's stock valued at $3,700,000 after purchasing an additional 474,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Uranium Royalty by 5.0% in 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 acquiring an additional 361,238 shares during the period. Finally, Alps Advisors Inc. lifted its stake in Uranium Royalty by 9.9% during the first quarter. Alps Advisors Inc. now owns 2,991,153 shares of the company's stock valued at $5,264,000 after purchasing an additional 269,810 shares during the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Royalty Trading Up 1.9%

Shares of NASDAQ UROY traded up $0.08 during mid-day trading on Friday, reaching $4.28. The company had a trading volume of 3,494,207 shares, compared to its average volume of 3,073,813. The stock has a market cap of $571.98 million, a P/E ratio of -428.00 and a beta of 1.40. Uranium Royalty has a 52-week low of $1.43 and a 52-week high of $4.70. The firm has a 50 day simple moving average of $3.22 and a two-hundred day simple moving average of $2.49.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $28.90 million during the quarter, compared to analysts' expectations of $9.49 million. Uranium Royalty had a negative net margin of 2.90% and a negative return on equity of 0.56%. On average, equities analysts expect that Uranium Royalty will post 0.01 EPS for the current year.

About Uranium Royalty

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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