HC Wainwright Reiterates Buy Rating for Uranium Royalty (NASDAQ:UROY)

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a report issued on Tuesday, Benzinga reports. They presently have a $7.70 target price on the stock. HC Wainwright’s price objective would suggest a potential upside of 253.21% from the stock’s current price. HC Wainwright also issued estimates for Uranium Royalty’s FY2025 earnings at $0.02 EPS.

Uranium Royalty Price Performance

UROY opened at $2.18 on Tuesday. The company has a market capitalization of $264.76 million, a price-to-earnings ratio of 43.61 and a beta of 1.20. The firm’s fifty day moving average price is $2.22 and its two-hundred day moving average price is $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 released its earnings results on Thursday, September 12th. The company reported ($0.01) EPS for the quarter. As a group, equities analysts anticipate that Uranium Royalty will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Uranium Royalty

A number of hedge funds have recently made changes to their positions in the business. MMCAP International Inc. SPC raised its stake in shares of Uranium Royalty by 2,248.3% during the 1st quarter. MMCAP International Inc. SPC now owns 2,925,969 shares of the company’s stock worth $6,993,000 after purchasing an additional 2,801,369 shares during the period. Acuitas Investments LLC bought a new stake in shares of Uranium Royalty during the 2nd quarter worth $2,120,000. Natixis raised its stake in shares of Uranium Royalty by 7,771.0% during the 1st quarter. Natixis now owns 221,726 shares of the company’s stock worth $532,000 after purchasing an additional 218,909 shares during the period. Gamco Investors INC. ET AL bought a new stake in Uranium Royalty in the 1st quarter valued at about $478,000. Finally, Virtu Financial LLC bought a new stake in Uranium Royalty in the 1st quarter valued at about $110,000. 24.19% of the stock is currently 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.