Simcoe Capital LLC Invests $4 Million in Uranium Royalty Corp. $UROY

Simcoe Capital LLC acquired a new position in shares of Uranium Royalty Corp. (NASDAQ:UROY) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,130,362 shares of the company’s stock, valued at approximately $4,001,000. Uranium Royalty makes up 3.8% of Simcoe Capital LLC’s holdings, making the stock its 9th biggest holding.

Several other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Uranium Royalty by 7.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock worth $30,406,000 after buying an additional 469,267 shares during the period. Accordant Advisory Group Inc boosted its holdings in Uranium Royalty by 0.8% in the 4th quarter. Accordant Advisory Group Inc now owns 2,470,489 shares of the company’s stock valued at $8,746,000 after purchasing an additional 19,882 shares during the period. Acuitas Investments LLC boosted its holdings in Uranium Royalty by 120.9% in the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock valued at $9,621,000 after purchasing an additional 1,224,465 shares during the period. Sprott Inc. boosted its holdings in Uranium Royalty by 3.5% in the 3rd quarter. Sprott Inc. now owns 1,629,077 shares of the company’s stock valued at $7,005,000 after purchasing an additional 54,600 shares during the period. Finally, Vident Advisory LLC lifted its holdings in shares of Uranium Royalty by 4.7% during the 3rd quarter. Vident Advisory LLC now owns 1,549,782 shares of the company’s stock worth $6,674,000 after acquiring an additional 69,631 shares during the period. 24.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Uranium Royalty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 12th. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Raymond James Financial raised shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Uranium Royalty Trading Down 3.7%

Shares of NASDAQ UROY opened at $4.20 on Wednesday. Uranium Royalty Corp. has a 1-year low of $1.80 and a 1-year high of $5.52. The company has a market cap of $615.22 million, a PE ratio of 210.11 and a beta of 1.43. The company has a 50-day moving average of $3.73 and a two-hundred day moving average of $3.93.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Tuesday, March 10th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Uranium Royalty had a net margin of 7.70% and a return on equity of 0.01%. The company had revenue of $12.25 million during the quarter.

Uranium Royalty 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.