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

Key Points

• Uranium Royalty Corp. shares gapped up from $4.75 to $5.37 before settling at $5.11, with a trading volume of 7,617,768 shares.
• Analyst ratings for UROY show a split consensus: one Buy, two Holds, and one Sell, with an average rating of "Hold" and a target price of $4.50.
• The company reported $0.01 EPS for the quarter, exceeding estimates, and had revenue of $28.90 million, significantly above the consensus of $9.49 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $4.75, but opened at $5.37. Uranium Royalty shares last traded at $5.11, with a volume of 7,617,768 shares.

Analyst Ratings Changes

UROY has been the topic of several recent research reports. Wall Street Zen upgraded 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 report on Wednesday, October 8th. Finally, Raymond James Financial reissued a "market perform" rating on shares of Uranium Royalty in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.50.

Uranium Royalty Trading Up 3.1%

The business's fifty day simple moving average is $3.50 and its 200-day simple moving average is $2.64. The firm has a market cap of $654.17 million, a P/E ratio of -493.70 and a beta of 1.40.

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 (EPS) for the quarter, topping 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 company had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million. As a group, 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

Several institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC bought a new stake in Uranium Royalty in the 2nd quarter worth $25,000. Private Advisor Group LLC bought a new position in shares of Uranium Royalty during the first quarter valued at approximately $27,000. Corient Private Wealth LLC bought a new stake in Uranium Royalty during the 2nd quarter valued at approximately $29,000. Riverwater Partners LLC bought a new position in Uranium Royalty in the second quarter worth $33,000. Finally, Thompson Davis & CO. Inc. bought a new position in Uranium Royalty in the second quarter worth $33,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

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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