Renaissance Technologies LLC Increases Position in Uranium Royalty Corp. $UROY

Renaissance Technologies LLC increased its position in shares of Uranium Royalty Corp. (NASDAQ:UROY) by 206.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 196,751 shares of the company’s stock after acquiring an additional 132,551 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of Uranium Royalty worth $718,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UROY. Corient Private Wealth LLC acquired a new position in Uranium Royalty in the 2nd quarter valued at $29,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Uranium Royalty in the second quarter valued at $33,000. O Shaughnessy Asset Management LLC acquired a new position in Uranium Royalty in the fourth quarter valued at $44,000. Financial Security Advisor Inc. acquired a new position in Uranium Royalty in the fourth quarter valued at $46,000. Finally, Quadrature Capital Ltd purchased a new position in Uranium Royalty during the fourth quarter worth about $51,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

Uranium Royalty Trading Up 1.2%

UROY opened at $4.12 on Friday. The company has a fifty day simple moving average of $3.09 and a 200 day simple moving average of $3.60. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 206.10 and a beta of 1.38. Uranium Royalty Corp. has a twelve month low of $2.51 and a twelve month high of $5.52.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UROY. National Bank Financial began coverage on Uranium Royalty in a research note on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price target on the stock. HC Wainwright reaffirmed a “buy” rating and set a $4.50 price objective on shares of Uranium Royalty in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Uranium Royalty from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $4.12.

Uranium Royalty 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.