Uranium Royalty (NASDAQ:UROY) Hits New 1-Year High – What’s Next?

Uranium Royalty Corp. (NASDAQ:UROY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.37 and last traded at $5.2940, with a volume of 1803470 shares traded. The stock had previously closed at $5.12.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James Financial restated a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Uranium Royalty in a research report on Wednesday, January 21st. Finally, Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.50.

Uranium Royalty Trading Up 5.1%

The stock has a fifty day moving average of $3.90 and a 200 day moving average of $3.64.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $0.03 million for the quarter. Uranium Royalty had a net margin of 1.95% and a negative return on equity of 1.26%. On average, analysts anticipate that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

Several large investors have recently modified their holdings of UROY. Patriot Financial Group Insurance Agency LLC purchased a new position in Uranium Royalty in the fourth quarter valued at approximately $159,000. Accordant Advisory Group Inc lifted its position in shares of Uranium Royalty by 0.8% during the 4th quarter. Accordant Advisory Group Inc now owns 2,470,489 shares of the company’s stock valued at $8,746,000 after buying an additional 19,882 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Uranium Royalty during the 4th quarter worth $47,000. Baron Wealth Management LLC purchased a new stake in Uranium Royalty in the 4th quarter worth about $44,000. Finally, SG Americas Securities LLC bought a new stake in Uranium Royalty in the 4th quarter valued at about $635,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

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.