Riverwater Partners LLC Makes New Investment in Uranium Royalty Corp. (NASDAQ:UROY)

Riverwater Partners LLC purchased a new stake in shares of Uranium Royalty Corp. (NASDAQ:UROY) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,281 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Uranium Royalty during the fourth quarter worth $30,000. Mountain Lake Investment Management LLC purchased a new stake in shares of Uranium Royalty in the 4th quarter worth about $33,000. Brave Asset Management Inc. acquired a new stake in Uranium Royalty in the 4th quarter valued at about $35,000. Geneos Wealth Management Inc. purchased a new position in Uranium Royalty during the 4th quarter valued at about $43,000. Finally, National Bank of Canada FI raised its position in Uranium Royalty by 149.4% during the third quarter. National Bank of Canada FI now owns 18,489 shares of the company’s stock worth $45,000 after acquiring an additional 11,075 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Uranium Royalty Stock Performance

Shares of UROY opened at $1.60 on Friday. Uranium Royalty Corp. has a 1 year low of $1.51 and a 1 year high of $3.12. The company’s 50 day simple moving average is $2.04 and its 200 day simple moving average is $2.34. The company has a market capitalization of $213.82 million, a price-to-earnings ratio of 53.35 and a beta of 1.21.

Uranium Royalty (NASDAQ:UROY) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Equities analysts expect that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UROY. National Bank Financial started coverage on shares of Uranium Royalty in a research report on Wednesday, February 12th. They issued a “sector perform” rating on the stock. Raymond James initiated coverage on Uranium Royalty in a research report on Thursday, February 6th. They set an “outperform” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $7.70 price objective on shares of Uranium Royalty in a research report on Thursday, December 19th.

Uranium Royalty 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.