Uranium Royalty (NASDAQ:UROY) Raised to Hold at 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 stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Uranium Royalty Price Performance

Shares of NASDAQ:UROY traded up $0.03 during mid-day trading on Friday, reaching $3.59. 1,573,154 shares of the company were exchanged, compared to its average volume of 2,669,232. Uranium Royalty has a 1 year low of $1.43 and a 1 year high of $3.63. The firm's 50-day simple moving average is $2.91 and its 200 day simple moving average is $2.32. The firm has a market cap of $479.77 million, a price-to-earnings ratio of -359.00 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 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $9.49 million. On average, research analysts forecast that Uranium Royalty will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Uranium Royalty by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,590,834 shares of the company's stock valued at $13,718,000 after acquiring an additional 361,238 shares in the last quarter. Alps Advisors Inc. grew its position in Uranium Royalty by 9.9% in the 1st quarter. Alps Advisors Inc. now owns 2,991,153 shares of the company's stock valued at $5,264,000 after acquiring an additional 269,810 shares in the last quarter. Accordant Advisory Group Inc grew its position in Uranium Royalty by 4.6% in the 2nd 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. Vident Advisory LLC grew its position in 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 acquiring an additional 474,030 shares in the last quarter. Finally, Millennium Management LLC grew 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 valued at $1,136,000 after acquiring an additional 504,813 shares in the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

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.