Uranium Royalty (NASDAQ:UROY) Stock Falls 4.2% – Time to Sell?

Uranium Royalty Corp. (NASDAQ:UROY) shares dropped 4.2% during mid-day trading on Wednesday. The stock traded as low as $3.55 and last traded at $3.5450. Approximately 236,400 shares were traded during trading, a decline of 92% from the average session volume of 2,937,628 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings cut shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. HC Wainwright reiterated a “buy” rating and issued a $4.50 price objective on shares of Uranium Royalty in a report on Monday, October 19th. Finally, National Bank Financial raised their target price on shares of Uranium Royalty from $3.75 to $4.00 and gave the stock an “outperform” rating in a research note on Monday, October 19th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.25.

Uranium Royalty Trading Down 2.8%

The company has a market capitalization of $1.31 billion, a PE ratio of 38.56 and a beta of 1.57. The company has a fifty day simple moving average of $4.09 and a 200-day simple moving average of $3.77. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings results on Monday, September 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $51.68 million for the quarter, compared to analyst estimates of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. Analysts predict that Uranium Royalty Corp. will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Uranium Royalty

A number of institutional investors have recently bought and sold shares of the company. AXQ Capital LP purchased a new stake in shares of Uranium Royalty during the 2nd quarter valued at approximately $37,000. Royal Bank of Canada lifted its holdings in Uranium Royalty by 10.3% in the first quarter. Royal Bank of Canada now owns 146,282 shares of the company’s stock valued at $534,000 after acquiring an additional 13,692 shares during the last quarter. Hunter Associates Investment Management LLC purchased a new position in Uranium Royalty in the first quarter worth approximately $55,000. Sanctuary Advisors LLC increased its stake in Uranium Royalty by 46.9% during the first quarter. Sanctuary Advisors LLC now owns 58,750 shares of the company’s stock worth $214,000 after acquiring an additional 18,750 shares during the last quarter. Finally, Rathbones Group PLC increased its stake in Uranium Royalty by 120.0% during the first quarter. Rathbones Group PLC now owns 55,000 shares of the company’s stock worth $201,000 after acquiring an additional 30,000 shares during the last quarter. 24.19% of the stock is owned by hedge funds and other institutional investors.

Uranium Royalty Company Profile

Uranium Royalty Corp. (NASDAQ: UROY) is a uranium-focused royalty and streaming company. It provides investors with exposure to the uranium sector through a portfolio of uranium interests rather than operating a traditional mining business. The company’s activities include acquiring uranium royalties, streams, offtake agreements, physical uranium, and equity interests in uranium exploration and development companies.

Uranium Royalty’s portfolio is linked to projects and properties in established uranium-producing and exploration regions, including the United States, Canada, Australia, and Paraguay.