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

HC Wainwright reissued their buy rating on shares of Uranium Royalty (NASDAQ:UROY) in a research report sent to investors on Thursday,Benzinga reports. HC Wainwright currently has a $7.70 price target on the stock. HC Wainwright also issued estimates for Uranium Royalty’s FY2025 earnings at $0.01 EPS.

Separately, B. Riley initiated coverage on shares of Uranium Royalty in a research report on Monday, October 7th. They issued a “buy” rating and a $3.50 price target for the company.

Uranium Royalty Stock Performance

Shares of UROY opened at $2.11 on Thursday. The stock has a market capitalization of $262.57 million, a PE ratio of 70.36 and a beta of 1.10. The company’s 50-day simple moving average is $2.62 and its 200-day simple moving average is $2.42. Uranium Royalty has a 1 year low of $1.86 and a 1 year high of $3.76.

Hedge Funds Weigh In On Uranium Royalty

A number of institutional investors and hedge funds have recently made changes to their positions in UROY. Acuitas Investments LLC acquired a new stake in Uranium Royalty in the second quarter valued at approximately $2,120,000. Fourth Sail Capital LP purchased a new stake in shares of Uranium Royalty in the 3rd quarter valued at approximately $1,428,000. Stifel Financial Corp acquired a new stake in shares of Uranium Royalty in the 3rd quarter valued at $388,000. XTX Topco Ltd purchased a new stake in shares of Uranium Royalty during the 3rd quarter worth $251,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Uranium Royalty during the third quarter worth $233,000. 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.