Uranium Royalty (NASDAQ:UROY) Shares Down 6% – Here’s What Happened

Uranium Royalty Corp. (NASDAQ:UROY) shares fell 6% during trading on Monday . The company traded as low as $4.36 and last traded at $4.2850. 286,602 shares traded hands during trading, a decline of 90% from the average session volume of 2,973,037 shares. The stock had previously closed at $4.56.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UROY. Zacks Research lowered Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. National Bank Financial began coverage on Uranium Royalty in a report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price objective on the stock. Weiss Ratings cut Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, HC Wainwright reiterated a “buy” rating and set a $4.50 target price on shares of Uranium Royalty in a research report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Uranium Royalty has a consensus rating of “Moderate Buy” and an average price target of $4.12.

Uranium Royalty Stock Down 6.0%

The company has a 50-day simple moving average of $3.83 and a 200-day simple moving average of $3.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.87.

Uranium Royalty (NASDAQ:UROY) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Uranium Royalty had a net margin of 25.88% and a return on equity of 10.86%. The firm had revenue of $51.68 million during the quarter, compared to analysts’ expectations of $52.23 million. On average, equities research analysts forecast that Uranium Royalty Corp. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CenterBook Partners LP lifted its position in Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock valued at $15,744,000 after acquiring an additional 3,968,521 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Uranium Royalty by 9.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 272,026 shares of the company’s stock worth $994,000 after buying an additional 24,000 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Uranium Royalty by 206.5% in the 1st quarter. Renaissance Technologies LLC now owns 196,751 shares of the company’s stock valued at $718,000 after acquiring an additional 132,551 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Uranium Royalty in the 2nd quarter valued at about $421,000. Finally, The Manufacturers Life Insurance Company boosted its position in Uranium Royalty by 189.0% during the first quarter. The Manufacturers Life Insurance Company now owns 149,821 shares of the company’s stock valued at $547,000 after purchasing an additional 97,977 shares during the last quarter. Institutional investors own 24.19% of the company’s stock.

About Uranium Royalty

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.