Uranium Royalty (NASDAQ:UROY) Shares Gap Up - Here's What Happened

Key Points

• Uranium Royalty Corp. shares opened at $4.55 after closing at $4.29, with a trading volume of 983,442 shares on Monday.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Uranium Royalty, with price target estimates around $4.00.
• The company reported quarterly earnings of $0.01 per share, exceeding analysts' expectations, and achieved revenues of $28.90 million, well above initial estimates of $9.49 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $4.29, but opened at $4.55. Uranium Royalty shares last traded at $4.42, with a volume of 983,442 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial reissued a "market perform" rating on shares of Uranium Royalty in a research note on Tuesday, September 23rd. Wall Street Zen raised shares of Uranium Royalty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.00.

Uranium Royalty Price Performance

The business's 50-day moving average price is $3.12 and its two-hundred day moving average price is $2.43. The company has a market capitalization of $592.69 million, a P/E ratio of -443.50 and a beta of 1.32.

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

Institutional Investors Weigh In On Uranium Royalty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC acquired a new stake in shares of Uranium Royalty during the second quarter worth $29,000. Vident Advisory LLC raised its holdings 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 period. Accordant Advisory Group Inc raised its holdings in shares of Uranium Royalty by 4.6% during the second quarter. Accordant Advisory Group Inc now owns 2,441,702 shares of the company's stock worth $6,104,000 after acquiring an additional 107,216 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in shares of Uranium Royalty during the second quarter worth $33,000. Finally, Integrity Alliance LLC. raised its holdings in shares of 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. 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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