Uranium Royalty (NASDAQ:UROY) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Uranium Royalty (NASDAQ:UROY) from a buy rating to a hold rating in a research note released on Saturday.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial reiterated a “market perform” rating on shares of Uranium Royalty in a research note on Wednesday, January 14th. Weiss Ratings upgraded Uranium Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Uranium Royalty has a consensus rating of “Hold” and a consensus target price of $4.50.

Uranium Royalty Trading Up 0.3%

Shares of UROY stock opened at $3.64 on Friday. The stock has a market cap of $533.19 million, a P/E ratio of 182.09 and a beta of 1.50. The stock has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $3.96. Uranium Royalty has a 1 year low of $1.65 and a 1 year high of $5.52.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $12.25 million during the quarter. Uranium Royalty had a return on equity of 0.01% and a net margin of 7.70%. Analysts forecast that Uranium Royalty will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Oxford Asset Management LLP lifted its stake in shares of Uranium Royalty by 13.2% in the 4th quarter. Oxford Asset Management LLP now owns 33,242 shares of the company’s stock valued at $118,000 after acquiring an additional 3,877 shares during the last quarter. Accordant Advisory Group Inc lifted its stake in shares of Uranium Royalty by 0.4% in 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. Royal Bank of Canada lifted its stake in shares of Uranium Royalty by 7.5% in the 4th quarter. Royal Bank of Canada now owns 132,590 shares of the company’s stock valued at $470,000 after acquiring an additional 9,200 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Uranium Royalty by 7.3% in the 4th quarter. LPL Financial LLC now owns 160,522 shares of the company’s stock valued at $568,000 after acquiring an additional 10,982 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of Uranium Royalty in the 2nd quarter valued at $29,000. 24.19% of the stock is currently owned by 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.