Uranium Royalty (NASDAQ:UROY) Upgraded by B. Riley to Strong-Buy

B. Riley upgraded shares of Uranium Royalty (NASDAQ:UROY) to a strong-buy rating in a research note released on Sunday, Zacks.com reports.

Separately, HC Wainwright restated a buy rating and issued a $7.70 price target on shares of Uranium Royalty in a research report on Tuesday, September 17th.

Uranium Royalty Price Performance

Shares of NASDAQ UROY opened at $2.60 on Friday. The company has a market capitalization of $313.70 million, a price-to-earnings ratio of 52.00 and a beta of 1.22. The business has a 50-day moving average of $2.23 and a two-hundred day moving average of $2.38. Uranium Royalty has a 1 year low of $1.86 and a 1 year high of $3.76.

Uranium Royalty (NASDAQ:UROY) last posted its earnings results on Thursday, September 12th. The company reported ($0.01) EPS for the quarter. As a group, equities research analysts expect that Uranium Royalty will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Royalty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Natixis lifted its stake in Uranium Royalty by 7,771.0% in the 1st quarter. Natixis now owns 221,726 shares of the company’s stock valued at $532,000 after buying an additional 218,909 shares in the last quarter. Virtu Financial LLC acquired a new position in Uranium Royalty in the 1st quarter valued at $110,000. Quadrature Capital Ltd raised its holdings in Uranium Royalty by 80.6% in the 4th quarter. Quadrature Capital Ltd now owns 44,954 shares of the company’s stock valued at $121,000 after acquiring an additional 20,057 shares during the last quarter. Acuitas Investments LLC acquired a new position in Uranium Royalty in the 2nd quarter valued at $2,120,000. Finally, AE Wealth Management LLC acquired a new position in Uranium Royalty in the 2nd quarter valued at $36,000. 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.