Uranium Royalty (NASDAQ:UROY) Trading Down 5% - Time to Sell?

Key Points

• Uranium Royalty Corp. (NASDAQ:UROY) shares fell 5% to $3.80, with trading volume increasing to approximately 5.67 million shares.
• Analysts have mixed ratings for UROY, with one rating it a Buy, two as Hold, and one as Sell, resulting in an average price target of $4.50.
• The company reported quarterly earnings of $0.01 EPS, exceeding the consensus estimate, with revenue significantly higher than expected at $28.90 million.

Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) shares were down 5% on Tuesday . The company traded as low as $3.70 and last traded at $3.80. Approximately 5,666,175 shares were traded during trading, an increase of 3% from the average daily volume of 5,520,459 shares. The stock had previously closed at $4.00.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UROY shares. Wall Street Zen raised Uranium Royalty from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Uranium Royalty in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Uranium Royalty in a report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Uranium Royalty has an average rating of "Hold" and a consensus price target of $4.50.

Uranium Royalty Stock Down 5.0%

The stock has a market cap of $507.83 million, a price-to-earnings ratio of -380.00 and a beta of 1.40. The company's 50-day simple moving average is $3.62 and its 200-day simple moving average is $2.71.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. 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 $28.90 million for the quarter, compared to analyst estimates of $9.49 million. Uranium Royalty had a negative net margin of 2.90% and a negative return on equity of 0.56%. As a group, analysts expect that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in UROY. Apollon Wealth Management LLC purchased a new position in Uranium Royalty during the 2nd quarter worth approximately $25,000. Private Advisor Group LLC purchased a new position in Uranium Royalty during the 1st quarter worth approximately $27,000. Corient Private Wealth LLC purchased a new position in Uranium Royalty during the 2nd quarter worth approximately $29,000. Riverwater Partners LLC purchased a new position in Uranium Royalty during the 2nd quarter worth approximately $33,000. Finally, Thompson Davis & CO. Inc. purchased a new position in Uranium Royalty during the 2nd quarter worth approximately $33,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

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.

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