Uranium Royalty (NASDAQ:UROY) Shares Gap Up - Time to Buy?

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) 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 trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $4.00.

Uranium Royalty Stock Performance

The business's 50 day moving average is $2.94 and its two-hundred day moving average is $2.34. The firm has a market capitalization of $596.70 million, a PE ratio of -447.40 and a beta of 1.32.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported $0.01 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million. As a group, equities research analysts predict that Uranium Royalty Corp. will post 0.01 EPS for the current year.

Institutional Trading of Uranium Royalty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC purchased a new position in Uranium Royalty during the second quarter worth about $29,000. Vident Advisory LLC grew 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 buying an additional 474,030 shares during the last quarter. Accordant Advisory Group Inc boosted its holdings in shares of Uranium Royalty by 4.6% in the second 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. acquired a new stake in shares of Uranium Royalty in the second quarter valued at about $33,000. Finally, Integrity Alliance LLC. raised its position in 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 last quarter. Institutional investors and hedge funds own 24.19% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.