Uranium Royalty (NASDAQ:UROY) Given “Buy” Rating at HC Wainwright

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reiterated by HC Wainwright in a report issued on Tuesday, Benzinga reports. They presently have a $7.70 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 253.21% from the stock’s current price.

Uranium Royalty Stock Performance

UROY stock opened at $2.18 on Tuesday. The business’s 50-day moving average is $2.22 and its two-hundred day moving average is $2.38. The company has a market cap of $263.03 million, a price-to-earnings ratio of 43.60 and a beta of 1.20. Uranium Royalty has a fifty-two week low of $1.86 and a fifty-two week high of $3.76.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter. Equities analysts predict that Uranium Royalty will post 0.05 earnings per share for the current year.

Institutional Trading of Uranium Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis increased its holdings in Uranium Royalty by 7,771.0% in the 1st quarter. Natixis now owns 221,726 shares of the company’s stock worth $532,000 after acquiring an additional 218,909 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Uranium Royalty during the first quarter worth $110,000. Quadrature Capital Ltd boosted its holdings in shares of Uranium Royalty by 80.6% during the 4th quarter. Quadrature Capital Ltd now owns 44,954 shares of the company’s stock valued at $121,000 after purchasing an additional 20,057 shares during the last quarter. Acuitas Investments LLC purchased a new position in shares of Uranium Royalty during the second quarter valued at about $2,120,000. Finally, MMCAP International Inc. SPC increased its holdings in shares of Uranium Royalty by 502.7% in the fourth quarter. MMCAP International Inc. SPC now owns 124,600 shares of the company’s stock worth $329,000 after purchasing an additional 103,926 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

About Uranium Royalty

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has 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 San Rafael 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; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.