Uranium Royalty (NASDAQ:UROY) Stock Price Down 11.8% – Here’s Why

Uranium Royalty Corp. (NASDAQ:UROY)’s share price fell 11.8% on Wednesday . The company traded as low as $4.16 and last traded at $4.1550. 1,313,990 shares were traded during trading, a decline of 64% from the average session volume of 3,655,280 shares. The stock had previously closed at $4.71.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research lowered Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of Uranium Royalty in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Uranium Royalty in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.50.

Uranium Royalty Price Performance

The firm has a 50-day moving average of $4.04 and a 200-day moving average of $3.72.

Uranium Royalty (NASDAQ:UROY) last announced its quarterly earnings data on Thursday, December 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Uranium Royalty had a net margin of 1.95% and a negative return on equity of 1.26%. The firm had revenue of $0.03 million during the quarter. Research analysts predict that Uranium Royalty Corp. will post 0.01 earnings per share for the current year.

Institutional Trading of Uranium Royalty

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Apollon Wealth Management LLC acquired a new position in Uranium Royalty during the second quarter valued at $25,000. Corient Private Wealth LLC acquired a new position in shares of Uranium Royalty in the 2nd quarter valued at $29,000. Riverwater Partners LLC purchased a new stake in Uranium Royalty during the second quarter worth $33,000. Thompson Davis & CO. Inc. acquired a new stake in Uranium Royalty during the second quarter valued at $33,000. Finally, Integrity Alliance LLC. increased its holdings in Uranium Royalty by 36.4% in the second quarter. Integrity Alliance LLC. now owns 15,788 shares of the company’s stock valued at $39,000 after buying an additional 4,212 shares in the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

About Uranium Royalty

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.