Uranium Royalty (NASDAQ:UROY) Shares Gap Up - What's Next?

Key Points

• Uranium Royalty Corp.'s shares experienced a significant increase, opening at $3.90 after closing at $3.71, with the latest trading price reaching $4.35.
• Analysts have recently upgraded the stock's rating from a "sell" to a "hold," and the consensus target price is now at $4.00.
• The company reported a revenue of $28.90 million for the last quarter, significantly exceeding the estimated revenue of $9.49 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $3.71, but opened at $3.90. Uranium Royalty shares last traded at $4.35, with a volume of 3,092,254 shares.

Wall Street Analysts Forecast Growth

UROY has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Uranium Royalty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Raymond James Financial reiterated a "market perform" rating on shares of Uranium Royalty in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $4.00.

Uranium Royalty Stock Performance

The firm has a market capitalization of $615.01 million, a price-to-earnings ratio of -460.90 and a beta of 1.32. The business's 50-day moving average is $2.98 and its two-hundred day moving average is $2.36.

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, beating analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $28.90 million for 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%. Analysts forecast that Uranium Royalty Corp. will post 0.01 EPS for the current year.

Institutional Trading of Uranium Royalty

Hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $25,000. Corient Private Wealth LLC acquired a new stake in Uranium Royalty during the 2nd quarter worth approximately $29,000. Thompson Davis & CO. Inc. acquired a new stake in Uranium Royalty during the 2nd quarter worth approximately $33,000. Riverwater Partners LLC acquired a new stake in Uranium Royalty during the 2nd quarter worth approximately $33,000. Finally, Private Advisor Group LLC acquired a new stake in Uranium Royalty during the 1st quarter worth approximately $27,000. 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.