Uranium Royalty (NASDAQ:UROY) Shares Down 14.2% – Here’s Why

Uranium Royalty Corp. (NASDAQ:UROY)’s stock price was down 14.2% during mid-day trading on Thursday . The company traded as low as $4.68 and last traded at $4.6850. Approximately 2,134,980 shares changed hands during trading, a decline of 39% from the average daily volume of 3,482,934 shares. The stock had previously closed at $5.46.

Analysts Set New Price Targets

UROY has been the subject of several research reports. Raymond James Financial restated a “market perform” rating on shares of Uranium Royalty in a research report on Wednesday, January 14th. Zacks Research lowered shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Uranium Royalty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.50.

Uranium Royalty Stock Down 7.0%

The stock has a fifty day moving average price of $4.00 and a 200-day moving average price of $3.67.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc increased its stake in shares of Uranium Royalty by 4.6% in the second quarter. Accordant Advisory Group Inc now owns 2,441,702 shares of the company’s stock worth $6,104,000 after acquiring an additional 107,216 shares during the last quarter. Acuitas Investments LLC boosted its position in Uranium Royalty by 120.9% during the third quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock valued at $9,621,000 after purchasing an additional 1,224,465 shares during the last quarter. Brookwood Investment Group LLC purchased a new position in Uranium Royalty in the second quarter valued at about $43,000. Corient Private Wealth LLC acquired a new position in Uranium Royalty in the 2nd quarter worth about $29,000. Finally, Baron Wealth Management LLC acquired a new position in Uranium Royalty in the 4th quarter worth about $44,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

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.