Uranium Royalty (NASDAQ:UROY) Issues Earnings Results, Beats Expectations By $0.02 EPS

Uranium Royalty (NASDAQ:UROY) posted its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02, Zacks reports. The business had revenue of $12.25 million during the quarter. Uranium Royalty had a net margin of 1.95% and a negative return on equity of 1.26%.

Uranium Royalty Price Performance

NASDAQ:UROY traded up $0.04 on Wednesday, reaching $3.86. 368,077 shares of the company’s stock were exchanged, compared to its average volume of 3,121,422. Uranium Royalty has a 52 week low of $1.43 and a 52 week high of $5.52. The stock has a fifty day simple moving average of $4.24 and a 200-day simple moving average of $3.96.

Institutional Trading of Uranium Royalty

A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Uranium Royalty by 7.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock valued at $30,406,000 after buying an additional 469,267 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Uranium Royalty by 23.7% during the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock worth $13,780,000 after acquiring an additional 745,145 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of Uranium Royalty by 4.7% in the third quarter. Vident Advisory LLC now owns 1,549,782 shares of the company’s stock worth $6,674,000 after acquiring an additional 69,631 shares during the period. UBS Group AG boosted its holdings in shares of Uranium Royalty by 2.5% in the third quarter. UBS Group AG now owns 796,325 shares of the company’s stock worth $3,424,000 after acquiring an additional 19,604 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of Uranium Royalty in the fourth quarter valued at $813,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Uranium Royalty in a research note on Wednesday, January 21st. Finally, Raymond James Financial reissued a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.50.

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.