Raymond James Begins Coverage on Uranium Royalty (NASDAQ:UROY)

Raymond James started coverage on shares of Uranium Royalty (NASDAQ:UROY) in a report issued on Thursday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating on the stock.

Separately, HC Wainwright reissued a “buy” rating and set a $7.70 price objective on shares of Uranium Royalty in a research note on Thursday, December 19th.

Uranium Royalty Stock Performance

Shares of NASDAQ UROY opened at $2.43 on Thursday. The stock has a fifty day moving average price of $2.34 and a two-hundred day moving average price of $2.40. The firm has a market cap of $324.62 million, a P/E ratio of 81.03 and a beta of 1.14. Uranium Royalty has a 1 year low of $1.86 and a 1 year high of $3.19.

Institutional Investors Weigh In On Uranium Royalty

Several large investors have recently modified their holdings of UROY. Fourth Sail Capital LP bought a new stake in shares of Uranium Royalty during the 3rd quarter worth $1,428,000. Sprott Inc. boosted its position in shares of Uranium Royalty by 108.2% in the fourth quarter. Sprott Inc. now owns 834,478 shares of the company’s stock worth $1,828,000 after buying an additional 433,682 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of Uranium Royalty in the fourth quarter worth $624,000. Stifel Financial Corp acquired a new stake in shares of Uranium Royalty in the third quarter worth $388,000. Finally, XTX Topco Ltd acquired a new stake in shares of Uranium Royalty in the third quarter worth $251,000. 24.19% of the stock is owned by institutional investors.

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.