HC Wainwright Reaffirms “Buy” Rating for Uranium Royalty (NASDAQ:UROY)

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They currently have a $4.50 target price on the stock. HC Wainwright’s target price would suggest a potential upside of 60.14% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Wall Street Zen lowered Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Raymond James Financial raised Uranium Royalty from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Uranium Royalty in a report on Tuesday, June 9th. Finally, Zacks Research raised Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $4.50.

Uranium Royalty Stock Performance

Uranium Royalty stock opened at $2.81 on Thursday. The company has a 50 day moving average price of $3.16 and a 200 day moving average price of $3.69. Uranium Royalty has a 52 week low of $2.42 and a 52 week high of $5.52. The firm has a market capitalization of $411.92 million, a price-to-earnings ratio of 140.57 and a beta of 1.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UROY. Corient Private Wealth LLC purchased a new stake in Uranium Royalty in the 2nd quarter worth approximately $29,000. Thompson Davis & CO. Inc. purchased a new position in shares of Uranium Royalty during the 2nd quarter valued at $33,000. Baron Wealth Management LLC purchased a new position in shares of Uranium Royalty during the 4th quarter valued at $44,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Uranium Royalty in the fourth quarter worth $44,000. Finally, Financial Security Advisor Inc. acquired a new position in shares of Uranium Royalty in the fourth quarter worth $46,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

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.