Uranium Royalty (NASDAQ:UROY) Lowered to “Hold” Rating by Zacks Research

by · The Markets Daily

Zacks Research downgraded shares of Uranium Royalty (NASDAQ:UROY – Free Report) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other equities analysts also recently weighed in on the company. HC Wainwright reissued a “buy” rating and set a $4.50 price target on shares of Uranium Royalty in a research report on Thursday, July 16th. Weiss Ratings lowered shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, National Bank Financial initiated coverage on Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price target for the company. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.12.

Check Out Our Latest Stock Analysis on UROY

Uranium Royalty Price Performance

Uranium Royalty stock opened at $4.28 on Monday. Uranium Royalty has a fifty-two week low of $2.56 and a fifty-two week high of $5.52. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 214.00 and a beta of 1.42. The company’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $3.58.

Uranium Royalty (NASDAQ:UROY – Get Free Report) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $51.68 million for the quarter, compared to analysts’ expectations of $156.54 million. Uranium Royalty had a net margin of 25.83% and a return on equity of 18.89%. As a group, analysts predict that Uranium Royalty will post 0.05 EPS for the current fiscal year.

Institutional Trading of Uranium Royalty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new position in shares of Uranium Royalty in the 2nd quarter worth approximately $37,000. Hunter Associates Investment Management LLC acquired a new stake in shares of Uranium Royalty during the first quarter worth $55,000. Total Wealth Planning & Management Inc. bought a new position in Uranium Royalty during the fourth quarter worth $70,000. Apella Capital LLC acquired a new position in Uranium Royalty in the first quarter valued at $72,000. Finally, Bank of America Corp DE acquired a new position in Uranium Royalty in the second quarter valued at $129,000. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

(Get Free Report)

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.

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