Uranium Royalty Corp. (NASDAQ:UROY) Stock Has Consensus Price Target of $4.25 According to Brokerages

Shares of Uranium Royalty Corp. (NASDAQ:UROY) have been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.25.

Several research firms recently weighed in on UROY. Weiss Ratings cut shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. HC Wainwright reissued a “buy” rating and issued a $4.50 price target on shares of Uranium Royalty in a research note on Monday, October 19th. Finally, National Bank Financial increased their price target on shares of Uranium Royalty from $3.75 to $4.00 and gave the stock an “outperform” rating in a report on Monday, October 19th.

Uranium Royalty Stock Down 3.9%

UROY opened at $2.96 on Friday. The company has a fifty day moving average price of $3.90 and a 200-day moving average price of $3.72. The firm has a market capitalization of $1.12 billion, a P/E ratio of 32.89 and a beta of 1.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87. Uranium Royalty has a one year low of $2.56 and a one year high of $5.52.

Uranium Royalty (NASDAQ:UROY) last released its quarterly earnings results on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $51.68 million for the quarter, compared to analysts’ expectations of $52.23 million. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. Equities research analysts expect that Uranium Royalty will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Uranium Royalty

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Uranium Royalty by 206.5% in the 1st quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock worth $718,000 after purchasing an additional 132,551 shares in the last quarter. Quantbot Technologies LP bought a new position in Uranium Royalty during the second quarter valued at approximately $421,000. The Manufacturers Life Insurance Company grew its position in Uranium Royalty by 189.0% during the first quarter. The Manufacturers Life Insurance Company now owns 149,821 shares of the company’s stock valued at $547,000 after acquiring an additional 97,977 shares during the last quarter. Royal Bank of Canada grew its position in Uranium Royalty by 10.3% during 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. Finally, Squarepoint Ops LLC purchased a new position in shares of Uranium Royalty during the second quarter worth approximately $397,000. 24.19% of the stock is owned by institutional investors.

Uranium Royalty Company Profile

Uranium Royalty Corp. is a Vancouver-based company focused on acquiring and managing royalties and other interests tied to uranium projects. Rather than operating mines, it provides exposure to the uranium sector through royalty agreements and holdings of physical uranium. The company’s portfolio includes interests connected to uranium properties in several jurisdictions, including Canada and the United States. Its activities may also include investments in other uranium-related companies. Uranium Royalty was established in 2017.