Uranium Royalty (NASDAQ:UROY) Stock Price Down 0.7% – What’s Next?

Shares of Uranium Royalty Corp. (NASDAQ:UROY) dropped 0.7% during trading on Tuesday . The stock traded as low as $2.59 and last traded at $2.66. Approximately 2,246,775 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 1,533,836 shares. The stock had previously closed at $2.68.

Analyst Ratings Changes

Several research firms have recently issued reports on UROY. HC Wainwright restated a “buy” rating and set a $7.70 price objective on shares of Uranium Royalty in a report on Tuesday, September 17th. B. Riley initiated coverage on shares of Uranium Royalty in a research note on Monday, October 7th. They set a “buy” rating and a $3.50 price objective for the company.

Uranium Royalty Price Performance

The stock has a market cap of $306.02 million, a price-to-earnings ratio of 41.84 and a beta of 1.19. The stock has a fifty day moving average of $2.57 and a two-hundred day moving average of $2.44.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) EPS for the quarter. Equities research analysts anticipate that Uranium Royalty Corp. will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Uranium Royalty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fourth Sail Capital LP bought a new position in shares of Uranium Royalty during the third quarter valued at approximately $1,428,000. Bayshore Asset Management LLC bought a new stake in Uranium Royalty during the 3rd quarter valued at $147,000. AE Wealth Management LLC bought a new position in shares of Uranium Royalty in the second quarter worth $36,000. Rathbones Group PLC acquired a new stake in Uranium Royalty in the second quarter worth about $57,000. Finally, Acuitas Investments LLC bought a new stake in shares of Uranium Royalty during the 2nd quarter worth about $2,120,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

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.