Uranium Royalty (NASDAQ:UROY) Stock Rating Lowered by Zacks Research

Uranium Royalty (NASDAQ:UROY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on UROY. Weiss Ratings reissued a “hold (c-)” rating on shares of Uranium Royalty in a report on Tuesday, June 9th. Raymond James Financial raised Uranium Royalty from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen lowered Uranium Royalty from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Uranium Royalty has an average rating of “Hold”.

Uranium Royalty Trading Up 2.3%

Shares of NASDAQ UROY opened at $3.10 on Monday. The stock has a market cap of $454.43 million, a P/E ratio of 155.08 and a beta of 1.36. Uranium Royalty has a 12-month low of $2.29 and a 12-month high of $5.52. The business’s fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.84.

Hedge Funds Weigh In On Uranium Royalty

Several large investors have recently bought and sold shares of UROY. Goldman Sachs Group Inc. boosted its stake in shares of Uranium Royalty by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 104,243 shares of the company’s stock worth $183,000 after buying an additional 21,118 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Uranium Royalty in the second quarter valued at about $33,000. Vident Advisory LLC lifted its position in Uranium Royalty by 47.1% in the second 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. Corient Private Wealth LLC acquired a new stake in Uranium Royalty in the second quarter valued at about $29,000. Finally, Quantbot Technologies LP acquired a new stake in Uranium Royalty in the third quarter valued at about $287,000. 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.