The Manufacturers Life Insurance Company Takes Position in Uranium Royalty Corp. $UROY

The Manufacturers Life Insurance Company purchased a new stake in shares of Uranium Royalty Corp. (NASDAQ:UROY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 144,646 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LLC bought a new position in Uranium Royalty in the 2nd quarter valued at approximately $29,000. Thompson Davis & CO. Inc. purchased a new position in shares of Uranium Royalty in the second quarter worth $33,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Uranium Royalty in the fourth quarter worth $44,000. Financial Security Advisor Inc. bought a new position in shares of Uranium Royalty during the fourth quarter valued at $46,000. Finally, Quadrature Capital Ltd bought a new position in shares of Uranium Royalty during the fourth quarter valued at $51,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UROY shares. Zacks Research raised Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. National Bank Financial started coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price target for the company. HC Wainwright reissued a “buy” rating and set a $4.50 price objective on shares of Uranium Royalty in a report on Thursday, July 16th. Finally, Weiss Ratings downgraded shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $4.12.

Uranium Royalty Price Performance

NASDAQ:UROY opened at $4.44 on Tuesday. Uranium Royalty Corp. has a one year low of $2.56 and a one year high of $5.52. The business has a fifty day moving average price of $3.52 and a 200-day moving average price of $3.57. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 222.11 and a beta of 1.42.

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.