Uranium Royalty (NASDAQ:UROY) Shares Gap Down - Here's Why

Key Points

• Uranium Royalty Corp.'s stock price gapped down from $4.53 to $4.17 before trading on Friday, with shares last trading at $4.12 and a trading volume of over 2 million shares.
• Analyst ratings on Uranium Royalty are mixed, with one Buy rating, two Hold ratings, and one Sell rating; the consensus rating is a Hold with a target price of $4.50.
• The company reported a surprising profit of $0.01 earnings per share against analysts' expectations of a loss, with revenues of $28.90 million for the quarter, significantly above the forecast of $9.49 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.53, but opened at $4.17. Uranium Royalty shares last traded at $4.12, with a volume of 2,127,769 shares changing hands.

Analyst Ratings Changes

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

Uranium Royalty Trading Down 9.4%

The company's 50-day moving average price is $3.53 and its two-hundred day moving average price is $2.66. The company has a market cap of $548.59 million, a P/E ratio of -411.50 and a beta of 1.40.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced 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 net margin of 2.90% and a negative return on equity of 0.56%. The business had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million. As a group, analysts anticipate that Uranium Royalty Corp. will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Uranium Royalty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter worth approximately $29,000. Vident Advisory LLC lifted its position 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 acquiring an additional 474,030 shares in the last quarter. Accordant Advisory Group Inc lifted its position in shares of Uranium Royalty by 4.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 2,441,702 shares of the company's stock valued at $6,104,000 after acquiring an additional 107,216 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $33,000. Finally, Integrity Alliance LLC. lifted its position 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 valued at $39,000 after acquiring an additional 4,212 shares in the last quarter. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Uranium Royalty Company Profile

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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