Uranium Royalty (NASDAQ:UROY) Stock Rating Upgraded by Zacks Research

Uranium Royalty (NASDAQ:UROY - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

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UROY has been the subject of a number of other reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Uranium Royalty in a report on Wednesday, October 8th. Raymond James Financial reiterated a "market perform" rating on shares of Uranium Royalty in a report on Tuesday, September 23rd. Finally, Wall Street Zen upgraded Uranium Royalty from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $4.50.

Check Out Our Latest Stock Report on UROY

Uranium Royalty Stock Performance

NASDAQ:UROY traded up $0.07 during mid-day trading on Tuesday, reaching $4.88. The stock had a trading volume of 2,341,922 shares, compared to its average volume of 3,403,838. The firm has a market capitalization of $653.79 million, a price-to-earnings ratio of -485.70 and a beta of 1.40. Uranium Royalty has a twelve month low of $1.43 and a twelve month high of $5.37. The business has a 50 day simple moving average of $3.81 and a 200 day simple moving average of $2.83.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Uranium Royalty had a negative net margin of 2.90% and a negative return on equity of 0.56%. The company had revenue of $28.90 million during the quarter, compared to the consensus estimate of $9.49 million. As a group, sell-side analysts expect that Uranium Royalty will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Royalty

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Uranium Royalty by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,590,834 shares of the company's stock valued at $13,718,000 after buying an additional 361,238 shares during the last quarter. Alps Advisors Inc. raised its holdings in Uranium Royalty by 9.9% during the first quarter. Alps Advisors Inc. now owns 2,991,153 shares of the company's stock worth $5,264,000 after purchasing an additional 269,810 shares in the last quarter. Accordant Advisory Group Inc raised its holdings in Uranium Royalty by 0.4% during the third quarter. Accordant Advisory Group Inc now owns 2,450,607 shares of the company's stock worth $10,538,000 after purchasing an additional 8,905 shares in the last quarter. Vident Advisory LLC raised its holdings in Uranium Royalty by 47.1% during the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company's stock worth $3,700,000 after purchasing an additional 474,030 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in Uranium Royalty by 488.0% during the first quarter. XTX Topco Ltd now owns 134,515 shares of the company's stock worth $237,000 after purchasing an additional 111,638 shares in the last quarter. Institutional investors own 24.19% of the company's stock.

Uranium Royalty Company Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.

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