Uranium Royalty (NASDAQ:UROY) Stock Price Down 4.3% - Should You Sell?

Key Points

• Uranium Royalty Corp. (NASDAQ:UROY) shares fell by 4.3%, trading at $4.09, with a significant decrease in trading volume by 92% from the average.
• Analysts maintain a consensus rating of "Moderate Buy" for UROY, with a price target of $4.00, following a mix of ratings including one Strong Buy and two Holds.
• The company reported a positive earnings surprise with $0.01 earnings per share for the quarter, exceeding analysts' estimates, alongside revenue of $28.90 million, substantially higher than expectations.

Shares of Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) were down 4.3% on Thursday . The company traded as low as $4.15 and last traded at $4.09. Approximately 251,486 shares changed hands during trading, a decline of 92% from the average daily volume of 3,057,785 shares. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UROY shares. Raymond James Financial reaffirmed a "market perform" rating on shares of Uranium Royalty in a report on Tuesday, September 23rd. Wall Street Zen raised Uranium Royalty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.00.

Uranium Royalty Stock Performance

The stock has a market cap of $549.93 million, a P/E ratio of -409.60 and a beta of 1.40. The stock has a 50-day moving average price of $3.20 and a 200-day moving average price of $2.48.

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

Institutional Trading of Uranium Royalty

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd lifted its position in Uranium Royalty by 488.0% in the 1st quarter. XTX Topco Ltd now owns 134,515 shares of the company's stock worth $237,000 after buying an additional 111,638 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Uranium Royalty by 64.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company's stock worth $55,000 after buying an additional 12,064 shares during the last quarter. Millennium Management LLC lifted its position in Uranium Royalty by 3,613.3% in the 4th quarter. Millennium Management LLC now owns 518,784 shares of the company's stock worth $1,136,000 after buying an additional 504,813 shares during the last quarter. Vident Advisory LLC lifted its position in Uranium Royalty by 17.8% in the 1st quarter. Vident Advisory LLC now owns 1,006,121 shares of the company's stock worth $1,786,000 after buying an additional 151,730 shares during the last quarter. Finally, Accordant Advisory Group Inc lifted its position in Uranium Royalty by 718.9% in the 1st quarter. Accordant Advisory Group Inc now owns 2,334,486 shares of the company's stock worth $4,109,000 after buying an additional 2,049,409 shares during the last quarter. Institutional investors own 24.19% of the company's stock.

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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