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

Uranium Royalty Corp. (NASDAQ:UROY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.82, but opened at $3.65. Uranium Royalty shares last traded at $3.7980, with a volume of 345,879 shares.

Analyst Ratings Changes

A number of research firms have weighed in on UROY. Zacks Research lowered Uranium Royalty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Uranium Royalty in a research report on Wednesday, January 21st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Uranium Royalty in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.50.

Uranium Royalty Stock Up 4.8%

The company’s 50-day moving average is $4.25 and its two-hundred day moving average is $3.96. The company has a market capitalization of $593.98 million, a P/E ratio of 202.00 and a beta of 1.46.

Uranium Royalty (NASDAQ:UROY) last released its quarterly earnings results on Tuesday, March 10th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $12.25 million for the quarter. Uranium Royalty had a return on equity of 0.01% and a net margin of 7.70%. On average, sell-side analysts predict that Uranium Royalty Corp. will post 0.01 EPS for the current year.

Institutional Trading of Uranium Royalty

Institutional investors have recently made changes to their positions in the stock. CenterBook Partners LP grew its position in shares of Uranium Royalty by 828.7% in the 4th quarter. CenterBook Partners LP now owns 4,447,408 shares of the company’s stock worth $15,744,000 after buying an additional 3,968,521 shares during the last quarter. Acuitas Investments LLC raised its holdings in shares of Uranium Royalty by 120.9% during the third quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock valued at $9,621,000 after acquiring an additional 1,224,465 shares in the last quarter. Simcoe Capital LLC purchased a new stake in Uranium Royalty in the fourth quarter worth $4,001,000. Alps Advisors Inc. boosted its holdings in Uranium Royalty by 23.7% in the fourth quarter. Alps Advisors Inc. now owns 3,892,680 shares of the company’s stock valued at $13,780,000 after acquiring an additional 745,145 shares in the last quarter. Finally, Vident Advisory LLC increased its position in Uranium Royalty by 47.1% during the 2nd quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after purchasing an additional 474,030 shares during the period. Hedge funds and other institutional investors 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.