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

Key Points

• Wall Street Zen upgraded Uranium Royalty (NASDAQ:UROY) from "hold" to "buy," though the consensus remains a "Hold" (one Buy, three Hold) with an average target price of $4.50.
• The company reported quarterly EPS of $0.01, beating estimates and generating $12.25 million in revenue; the stock opened at $3.34 with a market cap of $489.2M and a high P/E of 167.08, trading in a 12-month range of $1.43–$5.52.
• Uranium Royalty is a Vancouver-based royalty and streaming firm providing leveraged uranium exposure without operating mines, with a diversified global royalty portfolio and roughly 24.2% institutional ownership following recent stake increases.

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

Other analysts have also recently issued reports about the stock. Raymond James Financial reissued a "market perform" rating on shares of Uranium Royalty in a report on Wednesday, January 14th. Weiss Ratings raised shares of Uranium Royalty from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $4.50.

Uranium Royalty Trading Up 0.3%

Shares of NASDAQ UROY opened at $3.34 on Friday. The company has a market capitalization of $489.24 million, a price-to-earnings ratio of 167.08 and a beta of 1.46. Uranium Royalty has a twelve month low of $1.43 and a twelve month high of $5.52. The business has a 50 day simple moving average of $4.11 and a 200-day simple moving average of $3.98.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $12.25 million for the quarter. Uranium Royalty had a return on equity of 0.01% and a net margin of 7.70%. As a group, equities analysts predict that Uranium Royalty will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Royalty

Institutional investors have recently bought and sold shares of the stock. Acuitas Investments LLC increased its stake in Uranium Royalty by 120.9% during the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company's stock valued at $9,621,000 after buying an additional 1,224,465 shares during the period. Accordant Advisory Group Inc lifted its stake in shares of Uranium Royalty by 0.4% in the 3rd quarter. Accordant Advisory Group Inc now owns 2,450,607 shares of the company's stock worth $10,538,000 after acquiring an additional 8,905 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter worth approximately $29,000. Simcoe Capital LLC bought a new position in shares of Uranium Royalty in the fourth quarter valued at approximately $4,001,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Uranium Royalty in the fourth quarter valued at approximately $159,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.

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