Uranium Royalty (NASDAQ:UROY) Announces Earnings Results

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) released its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million.

Uranium Royalty Stock Down 2.5%

NASDAQ:UROY opened at $3.14 on Friday. The company has a market cap of $419.63 million, a P/E ratio of -314.00 and a beta of 1.33. Uranium Royalty has a twelve month low of $1.43 and a twelve month high of $3.34. The business has a 50 day moving average price of $2.81 and a two-hundred day moving average price of $2.27.

Institutional Investors Weigh In On Uranium Royalty

Several large investors have recently made changes to their positions in the stock. Vident Advisory LLC boosted its holdings in shares of Uranium Royalty by 47.1% in the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company's stock valued at $3,700,000 after buying an additional 474,030 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Uranium Royalty by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company's stock valued at $183,000 after buying an additional 21,118 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $33,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Uranium Royalty from a "sell" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $4.00.

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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