Uranium Royalty (NASDAQ:UROY) Upgraded to “Buy” at Wall Street Zen

Uranium Royalty (NASDAQ:UROY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on UROY. Raymond James Financial restated a “market perform” rating on shares of Uranium Royalty in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of Uranium Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.50.

Uranium Royalty Stock Performance

UROY opened at $3.34 on Friday. The company has a market capitalization of $489.24 million, a PE ratio of 167.08 and a beta of 1.46. The stock’s fifty day moving average is $4.11 and its 200-day moving average is $3.98. Uranium Royalty has a one year low of $1.43 and a one year high of $5.52.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Tuesday, March 10th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $12.25 million during the quarter. Uranium Royalty had a return on equity of 0.01% and a net margin of 7.70%. On average, equities research analysts forecast that Uranium Royalty will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CenterBook Partners LP increased its stake in Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after purchasing an additional 3,968,521 shares in the last quarter. Acuitas Investments LLC raised its holdings in Uranium Royalty by 120.9% during the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock worth $9,621,000 after buying an additional 1,224,465 shares during the period. Simcoe Capital LLC purchased a new stake in Uranium Royalty during the fourth quarter valued at about $4,001,000. Alps Advisors Inc. lifted its stake in Uranium Royalty by 23.7% during the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock valued at $13,780,000 after buying an additional 745,145 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Uranium Royalty by 47.1% in the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock worth $3,700,000 after buying an additional 474,030 shares during the period. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

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.