Uranium Royalty Corp. (NASDAQ:UROY) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analyst sentiment is positive: Five firms collectively give Uranium Royalty an average “Buy” rating, with three Buys, one Strong Buy and one Hold. The average 12-month price target is $4.125.
• Recent coverage includes HC Wainwright’s $4.50 Buy target, National Bank Financial’s $3.75 Outperform rating and Zacks Research’s upgrade to Strong Buy; Weiss Ratings downgraded its Hold rating.
• UROY opened at $4.38, with a market capitalization of approximately $1.67 billion and a 52-week range of $2.56 to $5.52. Institutional investors own 24.19% of the company, which acquires uranium royalties and streaming interests rather than operating mines.

Shares of Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) have received an average recommendation of "Buy" from the five ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $4.1250.

Several research firms recently commented on UROY. HC Wainwright reaffirmed a "buy" rating and issued a $4.50 price objective on shares of Uranium Royalty in a research report on Thursday, July 16th. National Bank Financial assumed coverage on Uranium Royalty in a report on Wednesday, July 29th. They issued an "outperform" rating and a $3.75 price target on the stock. Zacks Research raised Uranium Royalty from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered Uranium Royalty from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th.

Uranium Royalty Stock Performance

Shares of UROY opened at $4.38 on Friday. The firm has a market capitalization of $1.67 billion, a PE ratio of 219.11 and a beta of 1.38. The stock has a 50 day simple moving average of $3.21 and a 200 day simple moving average of $3.57. Uranium Royalty has a 52-week low of $2.56 and a 52-week high of $5.52.

Institutional Trading of Uranium Royalty

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Uranium Royalty by 7.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company's stock valued at $30,406,000 after purchasing an additional 469,267 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company's stock valued at $15,744,000 after acquiring an additional 3,968,521 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Uranium Royalty by 23.7% in the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company's stock valued at $13,780,000 after acquiring an additional 745,145 shares during the last quarter. Vident Advisory LLC increased its position in shares of Uranium Royalty by 4.7% in the third quarter. Vident Advisory LLC now owns 1,549,782 shares of the company's stock valued at $6,674,000 after acquiring an additional 69,631 shares during the last quarter. Finally, Simcoe Capital LLC bought a new stake in Uranium Royalty during the fourth quarter worth about $4,001,000. Institutional investors own 24.19% of the company's stock.

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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