Uranium Royalty (NASDAQ:UROY) Shares Up 5.9% - Still a Buy?

Key Points

• Uranium Royalty Corp. saw a 5.9% increase in its stock price, reaching $4.34, despite a significant decline in trading volume.
• Analysts have mixed ratings for the stock, with one Buy rating, two Hold ratings, and one Sell rating, leading to a consensus rating of "Hold" and an average target price of $4.50.
• In its latest quarterly results, the company reported earnings of $0.01 per share, exceeding estimates, with a revenue of $28.90 million compared to an expected $9.49 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s stock price shot up 5.9% during mid-day trading on Friday . The company traded as high as $4.30 and last traded at $4.34. 853,303 shares traded hands during trading, a decline of 72% from the average session volume of 3,054,306 shares. The stock had previously closed at $4.10.

Analysts Set New Price Targets

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

Uranium Royalty Stock Up 5.5%

The business has a 50-day moving average price of $3.36 and a 200-day moving average price of $2.57. The company has a market capitalization of $577.99 million, a price-to-earnings ratio of -433.10 and a beta of 1.40.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its earnings results 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. The company had revenue of $28.90 million for the quarter, compared to analyst estimates of $9.49 million. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%. As a group, sell-side analysts predict that Uranium Royalty Corp. will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Uranium Royalty

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC acquired a new position in Uranium Royalty during the second quarter valued at $29,000. Vident Advisory LLC raised its position in Uranium Royalty by 47.1% during the second 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 period. Accordant Advisory Group Inc raised its position in Uranium Royalty by 4.6% during the second quarter. Accordant Advisory Group Inc now owns 2,441,702 shares of the company's stock valued at $6,104,000 after buying an additional 107,216 shares during the period. Thompson Davis & CO. Inc. acquired a new position in Uranium Royalty during the second quarter valued at $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 valued at $39,000 after buying an additional 4,212 shares during the period. 24.19% of the stock is owned by institutional investors and hedge funds.

About Uranium Royalty

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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