Uranium Royalty Corp. (NASDAQ:UROY) Receives Average Rating of “Hold” from Analysts

Shares of Uranium Royalty Corp. (NASDAQ:UROY) have earned an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.50.

Several research firms have recently commented on UROY. Weiss Ratings reissued a “sell (d+)” rating on shares of Uranium Royalty in a research report on Wednesday, January 21st. Raymond James Financial restated a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. Finally, Zacks Research cut Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th.

Hedge Funds Weigh In On Uranium Royalty

A number of hedge funds and other institutional investors have recently made changes to their positions in UROY. Integrity Alliance LLC. boosted its position in Uranium Royalty by 36.4% during the second quarter. Integrity Alliance LLC. now owns 15,788 shares of the company’s stock worth $39,000 after purchasing an additional 4,212 shares during the period. Accordant Advisory Group Inc boosted its holdings in Uranium Royalty by 0.4% in the 3rd quarter. Accordant Advisory Group Inc now owns 2,450,607 shares of the company’s stock worth $10,538,000 after buying an additional 8,905 shares during the period. Apollon Wealth Management LLC bought a new position in Uranium Royalty in the 2nd quarter worth approximately $25,000. Corient Private Wealth LLC bought a new stake in Uranium Royalty during the 2nd quarter valued at $29,000. Finally, Baron Wealth Management LLC bought a new stake in Uranium Royalty during the 4th quarter valued at $44,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

Uranium Royalty Price Performance

NASDAQ:UROY opened at $3.95 on Friday. Uranium Royalty has a fifty-two week low of $1.43 and a fifty-two week high of $5.52. The company has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $3.73.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Uranium Royalty had a negative return on equity of 1.26% and a net margin of 1.95%.The business had revenue of $0.03 million for the quarter. As a group, equities research analysts anticipate that Uranium Royalty will post 0.01 earnings per share for the current year.

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.