HC Wainwright Reaffirms “Buy” Rating for Uranium Royalty (NASDAQ:UROY)

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research note issued on Thursday,Benzinga reports. They presently have a $7.70 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 261.50% from the stock’s current price. HC Wainwright also issued estimates for Uranium Royalty’s FY2025 earnings at $0.01 EPS.

Separately, B. Riley started coverage on shares of Uranium Royalty in a research report on Monday, October 7th. They set a “buy” rating and a $3.50 price objective on the stock.

Uranium Royalty Stock Performance

Shares of UROY stock opened at $2.13 on Thursday. Uranium Royalty has a fifty-two week low of $1.86 and a fifty-two week high of $3.76. The firm has a market cap of $265.06 million, a P/E ratio of 71.02 and a beta of 1.10. The business’s 50 day moving average price is $2.62 and its 200-day moving average price is $2.42.

Institutional Investors Weigh In On Uranium Royalty

Several hedge funds have recently made changes to their positions in the company. National Bank of Canada FI grew its holdings in Uranium Royalty by 149.4% in the third quarter. National Bank of Canada FI now owns 18,489 shares of the company’s stock worth $45,000 after purchasing an additional 11,075 shares during the period. AE Wealth Management LLC purchased a new position in Uranium Royalty in the 2nd quarter worth approximately $36,000. Rathbones Group PLC purchased a new position in shares of Uranium Royalty in the second quarter worth $57,000. Bayshore Asset Management LLC bought a new stake in Uranium Royalty in the 3rd quarter worth about $147,000. Finally, Sanctuary Advisors LLC bought a new position in Uranium Royalty during the 3rd quarter valued at about $233,000. 24.19% of the stock is currently owned by institutional investors.

Uranium Royalty Company Profile

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.