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

Research analysts at Raymond James began coverage on shares of Uranium Royalty (NASDAQ:UROY) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set an “outperform” rating on the stock.

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

Uranium Royalty Stock Up 0.8 %

NASDAQ UROY opened at $2.48 on Thursday. The business has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.40. The firm has a market cap of $331.30 million, a price-to-earnings ratio of 82.69 and a beta of 1.14. Uranium Royalty has a twelve month low of $1.86 and a twelve month high of $3.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Uranium Royalty in the fourth quarter worth about $30,000. Mountain Lake Investment Management LLC bought a new position in shares of Uranium Royalty during the 4th quarter valued at approximately $33,000. Brave Asset Management Inc. purchased a new position in shares of Uranium Royalty in the fourth quarter valued at $35,000. National Bank of Canada FI increased its position 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 last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Uranium Royalty during the fourth quarter valued at $43,000. 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.