National Bank Financial Initiates Coverage on Uranium Royalty (NASDAQ:UROY)

Stock analysts at National Bank Financial assumed coverage on shares of Uranium Royalty (NASDAQ:UROY) in a research note issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “sector perform” rating on the stock.

UROY has been the subject of a number of other reports. Raymond James assumed coverage on Uranium Royalty in a report on Thursday, February 6th. They set an “outperform” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $7.70 price target on shares of Uranium Royalty in a report on Thursday, December 19th.

Uranium Royalty Price Performance

Shares of NASDAQ UROY opened at $2.33 on Wednesday. The company has a market capitalization of $311.26 million, a price-to-earnings ratio of 77.69 and a beta of 1.14. The business has a 50-day moving average of $2.34 and a two-hundred day moving average of $2.40. Uranium Royalty has a 1 year low of $1.86 and a 1 year high of $3.12.

Institutional Trading of Uranium Royalty

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverwater Partners LLC purchased a new stake in shares of Uranium Royalty in the 4th quarter valued at about $27,000. Raymond James Financial Inc. purchased a new stake in shares of Uranium Royalty in the 4th quarter valued at about $30,000. Mountain Lake Investment Management LLC purchased a new stake in shares of Uranium Royalty in the 4th quarter valued at about $33,000. Brave Asset Management Inc. purchased a new stake in shares of Uranium Royalty in the 4th quarter valued at about $35,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Uranium Royalty in the 4th quarter valued at about $43,000. 24.19% of the stock is owned by hedge funds and other 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.