Uranium Royalty Corp. (NASDAQ:UROY) Receives $4.50 Consensus Target Price from Analysts

Shares of Uranium Royalty Corp. (NASDAQ:UROY) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.50.

Several brokerages have recently commented on UROY. Weiss Ratings restated a “sell (d+)” rating on shares of Uranium Royalty in a report on Wednesday, October 8th. Zacks Research upgraded shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Raymond James Financial reiterated a “market perform” rating on shares of Uranium Royalty in a report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded shares of Uranium Royalty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th.

Institutional Investors Weigh In On Uranium Royalty

Hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC acquired a new stake in Uranium Royalty during the 2nd quarter worth approximately $25,000. Corient Private Wealth LLC purchased a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $29,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $33,000. Riverwater Partners LLC purchased a new stake in shares of Uranium Royalty in the 2nd quarter valued at approximately $33,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Uranium Royalty in the 1st quarter valued at approximately $27,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Uranium Royalty Stock Performance

Shares of UROY stock opened at $4.86 on Thursday. The firm’s 50 day moving average price is $3.90 and its 200-day moving average price is $2.88. Uranium Royalty has a one year low of $1.43 and a one year high of $5.37. The firm has a market cap of $651.77 million, a P/E ratio of -486.00 and a beta of 1.40.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Thursday, September 11th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Uranium Royalty had a negative net margin of 2.90% and a negative return on equity of 0.56%. The firm had revenue of $28.90 million for the quarter, compared to analyst estimates of $9.49 million. As a group, research analysts predict that Uranium Royalty will post 0.01 EPS for the current fiscal year.

Uranium Royalty Company Profile

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.