Uranium Royalty (NASDAQ:UROY) Upgraded by Zacks Research to “Strong-Buy” Rating
by Teresa Graham · The Cerbat GemZacks Research upgraded shares of Uranium Royalty (NASDAQ:UROY – Free Report) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.
Other analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Uranium Royalty in a research note on Tuesday, June 9th. Wall Street Zen downgraded Uranium Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Raymond James Financial raised shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.
Read Our Latest Stock Analysis on UROY
Uranium Royalty Trading Up 1.1%
Shares of UROY stock opened at $2.76 on Tuesday. Uranium Royalty has a 12-month low of $2.39 and a 12-month high of $5.52. The stock’s 50-day moving average price is $3.21 and its 200-day moving average price is $3.70. The stock has a market capitalization of $404.60 million, a price-to-earnings ratio of 138.07 and a beta of 1.40.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in UROY. CenterBook Partners LP increased its stake in Uranium Royalty by 828.7% during the fourth quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after acquiring an additional 3,968,521 shares during the last quarter. Simcoe Capital LLC bought a new stake in shares of Uranium Royalty in the 4th quarter valued at approximately $4,001,000. Alps Advisors Inc. lifted its stake in shares of Uranium Royalty by 23.7% in the 4th quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock valued at $13,780,000 after purchasing an additional 745,145 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Uranium Royalty by 47.1% in the 2nd 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $30,406,000 after purchasing an additional 469,267 shares during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.
Uranium Royalty Company Profile
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.