Uranium Royalty (NASDAQ:UROY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Uranium Royalty has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the stock.
• The company reported a revenue of $28.90 million for the latest quarter, significantly surpassing analyst estimates of $9.49 million.
• Institutional investors currently own 24.19% of Uranium Royalty stock, with multiple buy-ins from various hedge funds in recent months.

Uranium Royalty (NASDAQ:UROY - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Uranium Royalty Stock Performance

UROY stock opened at $3.14 on Friday. Uranium Royalty has a fifty-two week low of $1.43 and a fifty-two week high of $3.34. The business's 50 day moving average price is $2.81 and its two-hundred day moving average price is $2.27. The company has a market capitalization of $419.63 million, a price-to-earnings ratio of -314.00 and a beta of 1.33.

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

Institutional Investors Weigh In On Uranium Royalty

Hedge funds have recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of Uranium Royalty during the second quarter valued at approximately $25,000. Private Advisor Group LLC bought a new stake in shares of Uranium Royalty during the first quarter valued at approximately $27,000. Corient Private Wealth LLC bought a new stake in shares of Uranium Royalty during the second quarter valued at approximately $29,000. Welch Group LLC bought a new stake in shares of Uranium Royalty during the first quarter valued at approximately $31,000. Finally, Riverwater Partners LLC bought a new stake in shares of Uranium Royalty during the second quarter valued at approximately $33,000. 24.19% of the stock is currently owned by institutional investors.

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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