Uranium Royalty Corp. (NASDAQ:UROY) Given Average Rating of “Buy” by Brokerages

Uranium Royalty Corp. (NASDAQ:UROY) has received a consensus rating of “Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.1250.

Several research analysts have recently weighed in on the stock. National Bank Financial initiated coverage on shares of Uranium Royalty in a report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price objective on the stock. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.50 price target on shares of Uranium Royalty in a research report on Thursday, July 16th.

Uranium Royalty Trading Down 1.6%

Shares of NASDAQ:UROY opened at $4.26 on Friday. The stock’s 50-day moving average price is $3.34 and its two-hundred day moving average price is $3.57. Uranium Royalty has a 12-month low of $2.56 and a 12-month high of $5.52. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 213.11 and a beta of 1.38.

Institutional Trading of Uranium Royalty

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Uranium Royalty by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company’s stock worth $183,000 after buying an additional 21,118 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in Uranium Royalty in the second quarter valued at $33,000. Vident Advisory LLC grew its position in Uranium Royalty by 47.1% during the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after acquiring an additional 474,030 shares during the period. Corient Private Wealth LLC acquired a new stake in Uranium Royalty during the second quarter worth about $29,000. Finally, BNP Paribas Financial Markets acquired a new stake in Uranium Royalty during the third quarter worth about $128,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

About Uranium Royalty

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.