Uranium Royalty (NASDAQ:UROY) Price Target Lowered to $4.50 at HC Wainwright

Uranium Royalty (NASDAQ:UROY) had its price objective lowered by HC Wainwright from $7.70 to $4.50 in a research note released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Raymond James initiated coverage on Uranium Royalty in a report on Thursday, February 6th. They set an “outperform” rating for the company. National Bank Financial assumed coverage on shares of Uranium Royalty in a research report on Wednesday, February 12th. They issued a “sector perform” rating for the company.

Uranium Royalty Price Performance

UROY stock opened at $1.76 on Tuesday. The stock has a market cap of $235.20 million, a price-to-earnings ratio of 58.69 and a beta of 1.21. The company has a fifty day moving average price of $1.83 and a two-hundred day moving average price of $2.27. Uranium Royalty has a one year low of $1.43 and a one year high of $3.12.

Uranium Royalty (NASDAQ:UROY) last announced its quarterly earnings results on Thursday, March 6th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Research analysts anticipate that Uranium Royalty will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

A number of large investors have recently added to or reduced their stakes in the stock. Riverwater Partners LLC bought a new stake in shares of Uranium Royalty during the 4th quarter valued at $27,000. Raymond James Financial Inc. bought a new stake in Uranium Royalty during the fourth quarter worth about $30,000. Mountain Lake Investment Management LLC acquired a new stake in Uranium Royalty during the fourth quarter worth about $33,000. Brave Asset Management Inc. bought a new position in Uranium Royalty in the 4th quarter valued at about $35,000. Finally, Welch Group LLC acquired a new position in shares of Uranium Royalty in the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.