Uranium Royalty (NASDAQ:UROY) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Uranium Royalty (NASDAQ:UROY) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research analysts also recently weighed in on UROY. Weiss Ratings restated a “hold (c-)” rating on shares of Uranium Royalty in a research note on Tuesday, June 9th. Raymond James Financial upgraded shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Uranium Royalty from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Uranium Royalty Stock Performance

Shares of UROY stock opened at $3.10 on Monday. Uranium Royalty has a one year low of $2.29 and a one year high of $5.52. The company has a 50 day moving average price of $3.60 and a 200 day moving average price of $3.84. The firm has a market capitalization of $454.43 million, a price-to-earnings ratio of 155.08 and a beta of 1.36.

Hedge Funds Weigh In On Uranium Royalty

Several large investors have recently bought and sold shares of UROY. Goldman Sachs Group Inc. increased its stake in Uranium Royalty by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company’s stock valued at $183,000 after buying an additional 21,118 shares during the period. Thompson Davis & CO. Inc. bought a new position in shares of Uranium Royalty during the 2nd quarter valued at about $33,000. Vident Advisory LLC boosted its position in shares of Uranium Royalty by 47.1% during the 2nd 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. Corient Private Wealth LLC bought a new position in shares of Uranium Royalty during the 2nd quarter valued at about $29,000. Finally, Quantbot Technologies LP bought a new position in shares of Uranium Royalty during the 3rd quarter valued at about $287,000. Institutional investors and hedge funds 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.