Uranium Royalty (NASDAQ:UROY) Stock Price Down 0.7% – Here’s What Happened

Uranium Royalty Corp. (NASDAQ:UROY)’s share price traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $2.59 and last traded at $2.66. 2,246,775 shares were traded during mid-day trading, an increase of 46% from the average session volume of 1,533,836 shares. The stock had previously closed at $2.68.

Analyst Upgrades and Downgrades

UROY has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $7.70 price target on shares of Uranium Royalty in a research note on Tuesday, September 17th. B. Riley initiated coverage on shares of Uranium Royalty in a research note on Monday, October 7th. They issued a “buy” rating and a $3.50 price objective for the company.

Uranium Royalty Stock Performance

The company has a market capitalization of $306.02 million, a price-to-earnings ratio of 41.84 and a beta of 1.19. The firm has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.44.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Uranium Royalty Corp. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UROY. MMCAP International Inc. SPC grew its stake in shares of Uranium Royalty by 2,248.3% during the 1st quarter. MMCAP International Inc. SPC now owns 2,925,969 shares of the company’s stock worth $6,993,000 after acquiring an additional 2,801,369 shares in the last quarter. Acuitas Investments LLC acquired a new position in Uranium Royalty in the 2nd quarter valued at about $2,120,000. Fourth Sail Capital LP acquired a new stake in Uranium Royalty during the 3rd quarter worth approximately $1,428,000. Natixis boosted its position in shares of Uranium Royalty by 7,771.0% in the first quarter. Natixis now owns 221,726 shares of the company’s stock valued at $532,000 after acquiring an additional 218,909 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Uranium Royalty in the first quarter valued at approximately $478,000. 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.