Uranium Royalty (NASDAQ:UROY) Hits New 52-Week High - Time to Buy?

Key Points

• Uranium Royalty Corp. (NASDAQ: UROY) reached a new 52-week high at $3.75 with a trading volume of over 1.8 million shares.
• Wall Street analysts upgraded UROY from a "sell" to a "hold" rating, with a consensus price target of $4.00 and several analysts maintaining a buy rating.
• The company reported $28.90 million in revenue for the last quarter, significantly exceeding analyst expectations of $9.49 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $3.75 and last traded at $3.75, with a volume of 1823136 shares changing hands. The stock had previously closed at $3.59.

Analyst Upgrades and Downgrades

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

Uranium Royalty Stock Up 23.2%

The business's 50 day simple moving average is $2.98 and its two-hundred day simple moving average is $2.36. The stock has a market cap of $610.73 million, a P/E ratio of -457.00 and a beta of 1.32.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%.The business had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million. As a group, research analysts forecast that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

A number of large investors have recently modified their holdings of the company. Integrity Alliance LLC. lifted its holdings in Uranium Royalty by 36.4% during the second quarter. Integrity Alliance LLC. now owns 15,788 shares of the company's stock worth $39,000 after acquiring an additional 4,212 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Uranium Royalty during the 2nd quarter worth $25,000. Corient Private Wealth LLC bought a new position in Uranium Royalty during the second quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Uranium Royalty by 64.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company's stock worth $55,000 after buying an additional 12,064 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Uranium Royalty in the second quarter valued at about $33,000. 24.19% of the stock is currently owned by institutional investors.

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.