Uranium Royalty Corp. (NASDAQ:UROY) Stock Has Consensus Price Target of $4.25

Shares of Uranium Royalty Corp. (NASDAQ:UROY) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.25.

Several analysts have recently issued reports on the stock. Weiss Ratings cut shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. National Bank Financial lifted their price objective on shares of Uranium Royalty from $3.75 to $4.00 and gave the company an “outperform” rating in a report on Monday, October 19th. HC Wainwright reaffirmed a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research note on Monday, October 19th. Finally, Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th.

Institutional Trading of Uranium Royalty

A number of large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Uranium Royalty in the second quarter valued at $402,000. Quantbot Technologies LP purchased a new position in Uranium Royalty in the second quarter valued at $421,000. Squarepoint Ops LLC purchased a new position in Uranium Royalty in the second quarter valued at $397,000. Renaissance Technologies LLC boosted its holdings in Uranium Royalty by 206.5% in the first quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock valued at $718,000 after purchasing an additional 132,551 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Uranium Royalty during the 2nd quarter worth $174,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Uranium Royalty Stock Performance

Shares of Uranium Royalty stock opened at $2.81 on Friday. The business has a 50-day moving average of $3.98 and a 200 day moving average of $3.74. Uranium Royalty has a 12 month low of $2.56 and a 12 month high of $5.52. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 31.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87.

Uranium Royalty (NASDAQ:UROY) last released its earnings results on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $51.68 million during the quarter, compared to the consensus estimate of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. As a group, sell-side analysts forecast that Uranium Royalty will post 0.14 earnings per share for the current year.

Uranium Royalty Company Profile

Uranium Royalty Corp. (NASDAQ: UROY) is a uranium-focused royalty and streaming company. It provides investors with exposure to the uranium sector through a portfolio of uranium interests rather than operating a traditional mining business. The company’s activities include acquiring uranium royalties, streams, offtake agreements, physical uranium, and equity interests in uranium exploration and development companies.

Uranium Royalty’s portfolio is linked to projects and properties in established uranium-producing and exploration regions, including the United States, Canada, Australia, and Paraguay.