Uranium Royalty (NASDAQ:UROY) Receives Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Uranium Royalty (NASDAQ:UROY) in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a $7.70 price objective on the stock.

Uranium Royalty Trading Up 1.4 %

UROY stock opened at $2.21 on Tuesday. The company has a market capitalization of $266.65 million, a P/E ratio of 44.20 and a beta of 1.20. Uranium Royalty has a twelve month low of $1.86 and a twelve month high of $3.76. The business has a 50 day simple moving average of $2.22 and a 200-day simple moving average of $2.38.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter. Research analysts predict that Uranium Royalty will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

Several hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC acquired a new stake in shares of Uranium Royalty during the second quarter worth $36,000. Murchinson Ltd. acquired a new stake in shares of Uranium Royalty during the first quarter worth $51,000. Quadrature Capital Ltd lifted its holdings in shares of Uranium Royalty by 80.6% during the fourth quarter. Quadrature Capital Ltd now owns 44,954 shares of the company’s stock worth $121,000 after purchasing an additional 20,057 shares during the period. Rathbones Group PLC acquired a new stake in Uranium Royalty in the second quarter valued at $57,000. Finally, Virtu Financial LLC acquired a new stake in Uranium Royalty in the first quarter valued at $110,000. 24.19% of the stock is owned by institutional investors and hedge funds.

About Uranium Royalty

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.