January 27, 2023

Uranium Royalty Corp. shares (NASDAQ:UROY – Get Rating) was down 0.8% on Wednesday. The stock has traded as low as $2.51 and last traded at $2.58. Around 581,089 shares were traded during midday trading, up 21% from the average daily volume of 481,956 shares. The stock had previously closed at $2.60.

Wall Street analysts forecast growth

Separately, HC Wainwright raised his price target for Uranium Royalty shares to $5.90 from $5.70 and gave the company a buy rating in a research report on Tuesday, October 11.

Performance of Uranium Royalty

The company’s 50-day simple moving average is $2.49 and its 200-day simple moving average is $2.54. The stock has a market cap of $257.11 million, a price-to-earnings ratio of -36.86 and a beta of 1.83.

Uranium Royalty (NASDAQ:UROY – Get Rating) last posted its earnings results on Wednesday, December 14th. The company reported earnings per share (EPS) of $0.02 for the quarter. As a group, sell-side analysts expect Uranium Royalty Corp. will post -0.07 EPS for the current year.

Institutional trading in uranium royalties

A number of institutional investors have recently changed their positions in UROY. Virtu Financial LLC acquired a new interest in Uranium Royalty stock valued at approximately $49,000 during the third quarter. Artemis Investment Management LLP acquired a new interest in Uranium Royalty valued at approximately $51,000 during the second quarter. Citigroup Inc. acquired a new interest in Uranium Royalty valued at approximately $77,000 during the first quarter. Two Sigma Investments LP increased its stake in Uranium Royalty by 56.6% in the third quarter. Two Sigma Investments LP now owns 65,983 shares of the company’s stock valued at $148,000 after purchasing an additional 23,859 shares last quarter. Finally, during the second quarter, Cubist Systematic Strategies LLC acquired a new interest in Uranium Royalty valued at approximately $206,000. 6.82% of the shares are owned by institutional investors and hedge funds.

About Uranium Royalty

(received rating)

Uranium Royalty Corp. is a pure uranium licensing company. It acquires, accumulates and manages a portfolio of geographically diversified uranium interests. The Company holds 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 Workman Creek 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; Project Langer Heinrich in Namibia; and Michelin Project in Newfoundland and Labrador, Canada.

Further reading

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