Uranium Royalty (NASDAQ:UROY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Uranium Royalty (NASDAQ:UROY) issued its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05, Zacks reports. Uranium Royalty had a net margin of 21.11% and a return on equity of 14.24%.

Uranium Royalty Price Performance

Uranium Royalty stock traded down $0.12 during mid-day trading on Monday, reaching $4.24. 3,961,233 shares of the company traded hands, compared to its average volume of 2,826,606. Uranium Royalty has a 52-week low of $2.56 and a 52-week high of $5.52. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 212.11 and a beta of 1.42. The firm’s 50 day moving average price is $3.66 and its 200 day moving average price is $3.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. National Bank Financial assumed coverage on shares of Uranium Royalty in a report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target for the company. Weiss Ratings lowered shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Zacks Research upgraded shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, 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. One research 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $4.12.

About Uranium Royalty

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.