Uranium Royalty Corp. (NASDAQ:UROY) Stock Has Consensus Price Target of $4.12 According to Brokerages

Uranium Royalty Corp. (NASDAQ:UROY) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.12.

A number of research analysts have recently weighed in on UROY shares. National Bank Financial assumed coverage on shares of Uranium Royalty in a research report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 target price for the company. Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 price target on shares of Uranium Royalty in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th.

Hedge Funds Weigh In On Uranium Royalty

A number of large investors have recently made changes to their positions in UROY. AXQ Capital LP purchased a new stake in shares of Uranium Royalty in the second quarter worth about $37,000. Royal Bank of Canada grew its stake in Uranium Royalty by 10.3% during the first quarter. Royal Bank of Canada now owns 146,282 shares of the company’s stock valued at $534,000 after acquiring an additional 13,692 shares in the last quarter. Hunter Associates Investment Management LLC purchased a new position in Uranium Royalty during the first quarter valued at approximately $55,000. Sanctuary Advisors LLC grew its stake in Uranium Royalty by 46.9% during the first quarter. Sanctuary Advisors LLC now owns 58,750 shares of the company’s stock valued at $214,000 after acquiring an additional 18,750 shares in the last quarter. Finally, Apella Capital LLC bought a new stake in Uranium Royalty during the 1st quarter worth approximately $72,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Price Performance

Shares of NASDAQ:UROY opened at $3.74 on Monday. The company’s 50-day moving average is $4.23 and its 200 day moving average is $3.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $1.41 billion, a P/E ratio of 41.56 and a beta of 1.57. Uranium Royalty has a fifty-two week low of $2.56 and a fifty-two week high of $5.52.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly 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 analyst estimates of $52.23 million. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. On average, equities research analysts forecast that Uranium Royalty will post 0.11 earnings per share for the current year.

About Uranium Royalty

Uranium Royalty Corp. (NASDAQ: UROY) is a uranium-focused royalty and streaming company. It seeks exposure to the uranium sector through a portfolio of royalties, streams, debt and equity investments in uranium projects, as well as holdings of physical uranium. The company does not primarily operate mines; instead, its business model is designed to provide participation in uranium production and prices without directly bearing the full costs of mine development and operation.

Its interests are tied to uranium projects and properties in established producing and prospective regions, including Canada, the United States and Australia.