Uranium Royalty (NASDAQ:UROY) Issues Earnings Results, Beats Expectations By $0.05 EPS

Uranium Royalty (NASDAQ:UROY) issued its quarterly earnings data on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05, Zacks reports. Uranium Royalty had a return on equity of 14.24% and a net margin of 21.11%.

Uranium Royalty Stock Performance

UROY traded down $0.12 on Monday, reaching $4.24. The company had a trading volume of 3,961,233 shares, compared to its average volume of 2,826,606. Uranium Royalty has a 52-week low of $2.56 and a 52-week high of $5.52. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 212.11 and a beta of 1.42. The business has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $3.59.

Analyst Upgrades and Downgrades

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

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.