Uranium Royalty (NASDAQ:UROY) Stock Price Down 6.8% - What's Next?

Key Points

• Uranium Royalty Corp. (NASDAQ: UROY) experienced a 6.8% decline in stock price, falling to $4.18, following a significant trading volume increase of 16% compared to the average daily volume.
• Analysts have a consensus rating of "Moderate Buy" for UROY, with an average target price set at $4.00, and several firms have recently adjusted their ratings.
• The company reported a positive earnings surprise for the last quarter, posting $0.01 EPS against an expected loss, alongside a revenue of $28.90 million, significantly above analysts' forecasts.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report)'s share price was down 6.8% on Wednesday . The stock traded as low as $4.19 and last traded at $4.18. Approximately 3,566,454 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 3,073,547 shares. The stock had previously closed at $4.48.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Uranium Royalty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Raymond James Financial reissued a "market perform" rating on shares of Uranium Royalty in a research report on Tuesday. One equities 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $4.00.

Uranium Royalty Price Performance

The stock has a 50 day moving average of $3.02 and a two-hundred day moving average of $2.37. The stock has a market capitalization of $558.48 million, a PE ratio of -416.20 and a beta of 1.33.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last issued its 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. 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 analysts' expectations of $9.49 million. As a group, research analysts predict that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrity Alliance LLC. lifted its stake in shares of 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 purchasing an additional 4,212 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Uranium Royalty during the 2nd quarter valued at about $25,000. Corient Private Wealth LLC acquired a new position in Uranium Royalty during the 2nd quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 acquiring an additional 12,064 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new position in Uranium Royalty in the 2nd quarter worth approximately $33,000. Hedge funds and other 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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