Uranium Royalty (NASDAQ:UROY) Shares Down 7% – What’s Next?

Uranium Royalty Corp. (NASDAQ:UROY) fell 7% during mid-day trading on Friday . The stock traded as low as $1.51 and last traded at $1.60. 4,229,266 shares were traded during trading, an increase of 137% from the average session volume of 1,781,061 shares. The stock had previously closed at $1.72.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UROY. National Bank Financial assumed coverage on shares of Uranium Royalty in a research note on Wednesday, February 12th. They issued a “sector perform” rating on the stock. Raymond James assumed coverage on Uranium Royalty in a research note on Thursday, February 6th. They issued an “outperform” rating on the stock. Finally, HC Wainwright restated a “buy” rating and set a $7.70 target price on shares of Uranium Royalty in a research note on Thursday, December 19th.

Uranium Royalty Trading Down 7.0 %

The firm’s fifty day moving average price is $2.04 and its 200-day moving average price is $2.34. The company has a market cap of $213.82 million, a P/E ratio of 53.35 and a beta of 1.17.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). As a group, research analysts forecast that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

A number of institutional investors have recently bought and sold shares of the business. CenterBook Partners LP lifted its holdings in shares of Uranium Royalty by 890.9% during the 4th quarter. CenterBook Partners LP now owns 3,435,097 shares of the company’s stock worth $7,523,000 after acquiring an additional 3,088,434 shares during the period. Millennium Management LLC raised its position in Uranium Royalty by 3,613.3% in the fourth quarter. Millennium Management LLC now owns 518,784 shares of the company’s stock worth $1,136,000 after purchasing an additional 504,813 shares in the last quarter. Renaissance Technologies LLC bought a new position in Uranium Royalty during the fourth quarter worth about $1,062,000. Sprott Inc. boosted its holdings in Uranium Royalty by 108.2% during the fourth quarter. Sprott Inc. now owns 834,478 shares of the company’s stock valued at $1,828,000 after purchasing an additional 433,682 shares in the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in Uranium Royalty during the fourth quarter valued at approximately $624,000. Institutional investors and hedge funds 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.