Uranium Royalty Corp. (NASDAQ:UROY) Stock Has Average Price Target of $4.12

Uranium Royalty Corp. (NASDAQ:UROY) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.12.

A number of brokerages have issued reports on UROY. Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 price target on shares of Uranium Royalty in a report on Thursday, July 16th. National Bank Financial assumed coverage on Uranium Royalty in a report on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 price target for the company. Finally, Weiss Ratings upgraded Uranium Royalty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th.

Uranium Royalty Stock Performance

NASDAQ:UROY opened at $3.54 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87. The business has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $3.65. Uranium Royalty has a 1 year low of $2.56 and a 1 year high of $5.52. The company has a market capitalization of $1.34 billion, a P/E ratio of 39.33 and a beta of 1.57.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings results on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $51.68 million during the quarter, compared to the consensus estimate of $52.23 million. Uranium Royalty had a return on equity of 10.86% and a net margin of 25.88%. On average, analysts expect that Uranium Royalty will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Uranium Royalty

A number of large investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in shares of Uranium Royalty during the 2nd quarter valued at $397,000. AXQ Capital LP bought a new position in shares of Uranium Royalty during the 2nd quarter valued at about $37,000. Bank of America Corp DE bought a new position in shares of Uranium Royalty during the 2nd quarter valued at about $129,000. Hsbc Holdings PLC purchased a new position in shares of Uranium Royalty during the 2nd quarter valued at about $174,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Uranium Royalty during the 2nd quarter valued at about $402,000. 24.19% of the stock is currently owned by institutional investors.

About Uranium Royalty

Uranium Royalty Corp. (NASDAQ: UROY) is a uranium-focused royalty and streaming company. It seeks exposure to the uranium sector through a portfolio of royalties, streams, debt and equity investments in uranium projects, as well as holdings of physical uranium. The company does not primarily operate mines; instead, its business model is designed to provide participation in uranium production and prices without directly bearing the full costs of mine development and operation.

Its interests are tied to uranium projects and properties in established producing and prospective regions, including Canada, the United States and Australia.