Uranium Royalty (NASDAQ:UROY) Issues Quarterly Earnings Results

Uranium Royalty (NASDAQ:UROY) posted its earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, Zacks reports. Uranium Royalty had a negative return on equity of 1.26% and a net margin of 1.95%.The business had revenue of $12.25 million during the quarter.

Uranium Royalty Price Performance

Uranium Royalty stock traded up $0.04 during midday trading on Wednesday, hitting $3.86. 368,077 shares of the company’s stock were exchanged, compared to its average volume of 3,121,422. The stock has a 50-day moving average price of $4.24 and a two-hundred day moving average price of $3.96. Uranium Royalty has a 52-week low of $1.43 and a 52-week high of $5.52.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UROY. Raymond James Financial reissued a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Uranium Royalty in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.50.

Institutional Trading of Uranium Royalty

A number of large investors have recently modified their holdings of UROY. Alps Advisors Inc. grew its holdings in shares of Uranium Royalty by 23.7% during the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock worth $13,780,000 after purchasing an additional 745,145 shares in the last quarter. Vident Advisory LLC raised its stake in Uranium Royalty by 47.1% in the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after purchasing an additional 474,030 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Uranium Royalty by 7.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock valued at $30,406,000 after purchasing an additional 469,267 shares during the last quarter. HighTower Advisors LLC bought a new stake in Uranium Royalty during the fourth quarter valued at approximately $813,000. Finally, Two Sigma Investments LP purchased a new position in Uranium Royalty in the 3rd quarter worth approximately $816,000. 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.