Uranium Royalty (NASDAQ:UROY) Announces Quarterly Earnings Results

Uranium Royalty (NASDAQ:UROY) posted its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. Uranium Royalty had a negative return on equity of 0.56% and a negative net margin of 2.90%.

Uranium Royalty Stock Up 4.9%

Shares of UROY traded up $0.18 on Thursday, reaching $3.87. The stock had a trading volume of 1,504,144 shares, compared to its average volume of 3,317,999. The firm has a market capitalization of $540.65 million, a PE ratio of -387.00 and a beta of 1.43. Uranium Royalty has a twelve month low of $1.43 and a twelve month high of $5.37. The firm has a 50-day moving average of $3.97 and a 200 day moving average of $3.24.

Analyst Ratings Changes

UROY has been the subject of a number of research reports. Zacks Research cut shares of Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Uranium Royalty in a research report on Wednesday, October 8th. Raymond James Financial reissued a “market perform” rating on shares of Uranium Royalty in a report on Tuesday, September 23rd. Finally, Wall Street Zen raised Uranium Royalty from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Uranium Royalty presently has an average rating of “Hold” and a consensus price target of $4.50.

Hedge Funds Weigh In On Uranium Royalty

Several hedge funds have recently bought and sold shares of UROY. Corient Private Wealth LLC purchased a new position in shares of Uranium Royalty during the second quarter valued at approximately $29,000. Thompson Davis & CO. Inc. acquired a new stake in Uranium Royalty in the 2nd quarter valued at $33,000. Squarepoint Ops LLC purchased a new position in Uranium Royalty in the third quarter valued at about $59,000. Raymond James Financial Inc. raised its position in Uranium Royalty by 164.8% in the third quarter. Raymond James Financial Inc. now owns 20,524 shares of the company’s stock valued at $88,000 after purchasing an additional 12,774 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Uranium Royalty during the third quarter worth about $115,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

About Uranium Royalty

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.