Uranium Royalty (NASDAQ:UROY) Sets New 12-Month High - Here's What Happened

Key Points

• Uranium Royalty Corp. (NASDAQ: UROY) shares reached a new 12-month high, trading at $4.87 during the day before closing at $4.62, surpassing its previous close of $4.27.
• Analysts have a mixed outlook, with a consensus rating of "Hold" and a target price of $4.50, while one analyst rated it as a Buy and another as a Sell.
• The company's latest earnings report surpassed expectations, posting a revenue of $28.90 million and an EPS of $0.01, exceeding analysts' predictions of a loss.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.87 and last traded at $4.62, with a volume of 2150199 shares changing hands. The stock had previously closed at $4.27.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Uranium Royalty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Uranium Royalty in a research note on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Uranium Royalty in a research note on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Uranium Royalty presently has a consensus rating of "Hold" and a consensus target price of $4.50.

Uranium Royalty Stock Up 7.1%

The stock's 50 day moving average price is $3.46 and its 200-day moving average price is $2.62. The stock has a market capitalization of $611.40 million, a PE ratio of -457.50 and a beta of 1.40.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UROY. Integrity Alliance LLC. increased its stake in shares of Uranium Royalty by 36.4% in the 2nd 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 last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter worth $25,000. Corient Private Wealth LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Uranium Royalty by 64.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company's stock worth $55,000 after acquiring an additional 12,064 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Uranium Royalty during the 2nd quarter worth $33,000. 24.19% of the stock is owned by institutional investors and hedge funds.

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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