Uranium Royalty Corp. (NASDAQ:UROY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Uranium Royalty Corp. (NASDAQ:UROY) have received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.1250.

Several equities research analysts have commented on UROY shares. Zacks Research lowered Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings lowered shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. HC Wainwright reiterated a “buy” rating and issued a $4.50 target price on shares of Uranium Royalty in a research note on Thursday, July 16th. Finally, National Bank Financial started coverage on shares of Uranium Royalty in a report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target on the stock.

Uranium Royalty Price Performance

NASDAQ UROY opened at $4.39 on Thursday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 219.50 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 5.32. The stock’s fifty day moving average price is $3.76 and its 200 day moving average price is $3.58. Uranium Royalty has a 1 year low of $2.56 and a 1 year high of $5.52.

Uranium Royalty (NASDAQ:UROY) last released its earnings results on Monday, September 14th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%.The firm had revenue of $51.68 million during the quarter, compared to the consensus estimate of $52.23 million. As a group, equities research analysts forecast that Uranium Royalty will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UROY. CenterBook Partners LP lifted its holdings in Uranium Royalty by 828.7% during the fourth quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock valued at $15,744,000 after purchasing an additional 3,968,521 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Uranium Royalty in the second quarter valued at about $421,000. Banque Cantonale Vaudoise increased its stake in shares of Uranium Royalty by 153.0% during the fourth quarter. Banque Cantonale Vaudoise now owns 248,026 shares of the company’s stock worth $876,000 after purchasing an additional 150,000 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Uranium Royalty during the second quarter worth about $402,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Uranium Royalty during the 2nd quarter worth about $397,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.