IsoEnergy (NYSEAMERICAN:ISOU) Stock Price Down 8.7% – What’s Next?

IsoEnergy Ltd. (NYSEAMERICAN:ISOU)’s share price was down 8.7% during mid-day trading on Tuesday. The stock traded as low as $8.23 and last traded at $8.19. 20,610 shares were traded during mid-day trading, a decline of 84% from the average session volume of 131,740 shares. The stock had previously closed at $8.97.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada began coverage on shares of IsoEnergy in a research note on Thursday, October 1st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

IsoEnergy Price Performance

The business has a 50 day moving average price of $9.31 and a two-hundred day moving average price of $10.41.

IsoEnergy (NYSEAMERICAN:ISOU) last issued its earnings results on Wednesday, November 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.05). On average, research analysts forecast that IsoEnergy Ltd. will post -0.25 EPS for the current year.

Institutional Investors Weigh In On IsoEnergy

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of IsoEnergy by 581.0% in the first quarter. Royal Bank of Canada now owns 4,202 shares of the company’s stock worth $44,000 after buying an additional 3,585 shares in the last quarter. Wealthspire Retirement LLC grew its stake in IsoEnergy by 19.8% during the first quarter. Wealthspire Retirement LLC now owns 27,800 shares of the company’s stock valued at $293,000 after acquiring an additional 4,600 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in IsoEnergy by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 932,342 shares of the company’s stock valued at $9,046,000 after acquiring an additional 7,665 shares in the last quarter. Rockbridge Asset Management LLC bought a new stake in IsoEnergy in the 2nd quarter valued at $100,000. Finally, Bank of America Corp DE increased its holdings in IsoEnergy by 13.5% in the 1st quarter. Bank of America Corp DE now owns 112,090 shares of the company’s stock valued at $1,181,000 after acquiring an additional 13,363 shares during the last quarter.

IsoEnergy Company Profile

IsoEnergy Ltd. is a uranium exploration and development company focused on identifying and advancing uranium resources. The company is not primarily a uranium producer; its activities include mineral exploration, project evaluation and development planning. IsoEnergy’s portfolio includes projects in Saskatchewan’s Athabasca Basin, a major uranium-producing region. Its Larocque East property hosts the Hurricane deposit, a high-grade uranium discovery. The company also holds uranium assets in other regions, including projects in the United States and Australia.