Uranium Royalty (NASDAQ:UROY) Earns “Buy” Rating from HC Wainwright

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They currently have a $7.70 price target on the stock. HC Wainwright’s price objective points to a potential upside of 261.50% from the company’s previous close. HC Wainwright also issued estimates for Uranium Royalty’s FY2025 earnings at $0.01 EPS.

Separately, B. Riley initiated coverage on Uranium Royalty in a research report on Monday, October 7th. They issued a “buy” rating and a $3.50 price target for the company.

Uranium Royalty Trading Up 0.9 %

UROY opened at $2.13 on Thursday. The firm’s 50 day simple moving average is $2.62 and its two-hundred day simple moving average is $2.42. The company has a market capitalization of $265.06 million, a PE ratio of 71.02 and a beta of 1.10. Uranium Royalty has a 1-year low of $1.86 and a 1-year high of $3.76.

Hedge Funds Weigh In On Uranium Royalty

Large investors have recently made changes to their positions in the business. Acuitas Investments LLC purchased a new position in shares of Uranium Royalty in the second quarter worth $2,120,000. Rathbones Group PLC purchased a new stake in Uranium Royalty in the 2nd quarter worth $57,000. AE Wealth Management LLC bought a new position in shares of Uranium Royalty during the 2nd quarter valued at about $36,000. Bayshore Asset Management LLC purchased a new position in Uranium Royalty during the 3rd quarter valued at approximately $147,000. Finally, Fourth Sail Capital LP bought a new stake in Uranium Royalty in the third quarter worth $1,428,000. 24.19% of the stock is currently 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.