Uranium Royalty (NASDAQ:UROY) Shares Up 10% – Should You Buy?

Uranium Royalty Corp. (NASDAQ:UROY) shares rose 10% on Tuesday . The stock traded as high as $4.85 and last traded at $4.8850. 2,133,584 shares changed hands during trading, a decline of 23% from the average session volume of 2,776,382 shares. The stock had previously closed at $4.44.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings lowered shares of Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. National Bank Financial began coverage on shares of Uranium Royalty in a research note on Wednesday, July 29th. They set an “outperform” rating and a $3.75 price target for the company. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 price target on shares of Uranium Royalty in a report on Thursday, July 16th. Finally, Zacks Research upgraded Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $4.12.

Uranium Royalty Stock Performance

The stock has a market capitalization of $1.85 billion, a PE ratio of 242.87 and a beta of 1.42. The business’s 50-day moving average price is $3.52 and its 200 day moving average price is $3.57.

Institutional Trading of Uranium Royalty

Institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC bought a new stake in shares of Uranium Royalty during the 2nd quarter valued at about $29,000. Thompson Davis & CO. Inc. bought a new position in shares of Uranium Royalty in the second quarter worth approximately $33,000. AXQ Capital LP purchased a new stake in Uranium Royalty in the second quarter valued at approximately $37,000. O Shaughnessy Asset Management LLC purchased a new stake in Uranium Royalty in the fourth quarter valued at approximately $44,000. Finally, Financial Security Advisor Inc. bought a new stake in Uranium Royalty during the fourth quarter valued at approximately $46,000. Hedge funds and other 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.