Uranium Royalty (NASDAQ:UROY) Posts Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Uranium Royalty reported earnings of $0.01 per share, beating analysts' expectations of ($0.01) by $0.02, with total revenue of $28.90 million for the quarter, significantly above the $9.49 million consensus estimate.
• The company's stock saw a decline of 2.5%, and currently has a market cap of $419.63 million with a consensus price target of $4.00 from analysts.
• Multiple institutional investors increased their stakes in Uranium Royalty, with Vident Advisory LLC boosting its holdings by 47.1% in the latest quarter.

Uranium Royalty (NASDAQ:UROY - Get Free Report) announced its quarterly earnings data on Thursday, September 11th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02, Zacks reports. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%.The company had revenue of $28.90 million for the quarter, compared to analyst estimates of $9.49 million.

Uranium Royalty Stock Performance

Uranium Royalty stock traded up $0.02 on Thursday, reaching $3.58. The company's stock had a trading volume of 1,232,545 shares, compared to its average volume of 3,025,256. The company has a market cap of $477.76 million, a price-to-earnings ratio of -357.50 and a beta of 1.33. The business's fifty day moving average price is $2.89 and its 200 day moving average price is $2.31. Uranium Royalty has a twelve month low of $1.43 and a twelve month high of $3.63.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Uranium Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC acquired a new position in Uranium Royalty in the second quarter worth $29,000. Vident Advisory LLC raised its position in shares of Uranium Royalty by 47.1% during the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company's stock worth $3,700,000 after acquiring an additional 474,030 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of Uranium Royalty during the second quarter worth $33,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Uranium Royalty by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company's stock worth $183,000 after acquiring an additional 21,118 shares during the last quarter. Institutional investors and hedge funds own 24.19% of the company's stock.

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.