Uranium Royalty (NASDAQ:UROY) Rating Increased to Outperform at Raymond James Financial

Raymond James Financial upgraded shares of Uranium Royalty (NASDAQ:UROY) from a market perform rating to an outperform rating in a research report released on Tuesday, Marketbeat Ratings reports.

A number of other research firms have also weighed in on UROY. Wall Street Zen lowered shares of Uranium Royalty from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Uranium Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Uranium Royalty presently has an average rating of “Hold”.

Uranium Royalty Stock Performance

NASDAQ:UROY opened at $3.57 on Tuesday. The firm has a market cap of $522.93 million, a P/E ratio of 178.59 and a beta of 1.50. Uranium Royalty has a fifty-two week low of $1.66 and a fifty-two week high of $5.52. The firm has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $3.95.

Uranium Royalty (NASDAQ:UROY) last released 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. The business had revenue of $12.25 million during the quarter. Uranium Royalty had a net margin of 7.70% and a return on equity of 0.01%. On average, equities research analysts predict that Uranium Royalty will post -0.01 EPS for the current year.

Institutional Trading of Uranium Royalty

Institutional investors have recently made changes to their positions in the stock. Acuitas Investments LLC boosted its holdings in shares of Uranium Royalty by 120.9% during the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock valued at $9,621,000 after acquiring an additional 1,224,465 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Uranium Royalty during the 4th quarter valued at about $635,000. Accordant Advisory Group Inc boosted its holdings in shares of Uranium Royalty by 0.4% during the 3rd quarter. Accordant Advisory Group Inc now owns 2,450,607 shares of the company’s stock valued at $10,538,000 after acquiring an additional 8,905 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Uranium Royalty during the 2nd quarter valued at about $29,000. Finally, Simcoe Capital LLC purchased a new stake in shares of Uranium Royalty during the 4th quarter valued at about $4,001,000. Hedge funds and other institutional investors 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.