Uranium Royalty Corp. (NASDAQ:UROY) Given Consensus Rating of “Hold” by Analysts

Uranium Royalty Corp. (NASDAQ:UROY) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.50.

Several equities research analysts recently issued reports on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Uranium Royalty in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Uranium Royalty in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th.

Uranium Royalty Trading Up 1.6%

UROY stock opened at $4.42 on Tuesday. Uranium Royalty has a 1 year low of $1.43 and a 1 year high of $5.37. The stock has a 50-day simple moving average of $3.79 and a 200-day simple moving average of $3.54.

Uranium Royalty (NASDAQ:UROY) last released its quarterly earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Uranium Royalty had a negative return on equity of 1.26% and a net margin of 1.95%.The company had revenue of $0.03 million during the quarter. On average, research analysts expect that Uranium Royalty will post 0.01 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. Goldman Sachs Group Inc. raised its holdings in Uranium Royalty by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company’s stock valued at $183,000 after acquiring an additional 21,118 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Uranium Royalty in the 2nd quarter worth about $25,000. Riverwater Partners LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at about $33,000. Brookwood Investment Group LLC acquired a new stake in shares of Uranium Royalty in the 2nd quarter valued at about $43,000. Finally, Integrity Alliance LLC. lifted its position in shares of Uranium Royalty by 36.4% during the second quarter. Integrity Alliance LLC. now owns 15,788 shares of the company’s stock worth $39,000 after purchasing an additional 4,212 shares during the last quarter. Institutional investors and hedge funds 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.