Uranium Royalty (NASDAQ:UROY) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Uranium Royalty (NASDAQ:UROY) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on UROY. Weiss Ratings raised Uranium Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded Uranium Royalty from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Raymond James Financial raised Uranium Royalty from a “market perform” rating to an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Uranium Royalty Stock Performance

UROY stock traded up $0.14 during trading on Monday, reaching $3.71. 837,047 shares of the company traded hands, compared to its average volume of 2,833,640. Uranium Royalty has a 12 month low of $1.75 and a 12 month high of $5.52. The business has a 50 day simple moving average of $3.81 and a 200 day simple moving average of $3.95. The company has a market capitalization of $542.71 million, a price-to-earnings ratio of 186.34 and a beta of 1.50.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Uranium Royalty had a return on equity of 0.01% and a net margin of 7.70%.The company had revenue of $12.25 million for the quarter. As a group, research analysts forecast that Uranium Royalty will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Uranium Royalty

Several institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise boosted its holdings in Uranium Royalty by 9.7% in the first quarter. Banque Cantonale Vaudoise now owns 272,026 shares of the company’s stock worth $994,000 after acquiring an additional 24,000 shares in the last quarter. Apella Capital LLC acquired a new stake in Uranium Royalty in the first quarter worth about $72,000. Hsbc Holdings PLC acquired a new stake in Uranium Royalty in the fourth quarter worth about $239,000. Mackenzie Financial Corp acquired a new stake in Uranium Royalty in the fourth quarter worth about $396,000. Finally, Quadrature Capital Ltd acquired a new stake in Uranium Royalty in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

Uranium Royalty Company Profile

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.