Uranium Royalty (NASDAQ:UROY) Now Covered by Analysts at National Bank Financial

Research analysts at National Bank Financial initiated coverage on shares of Uranium Royalty (NASDAQ:UROY) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $3.75 price target on the stock. National Bank Financial’s price target suggests a potential upside of 23.76% from the stock’s current price.

Several other equities analysts have also issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $4.50 price objective on shares of Uranium Royalty in a report on Thursday, July 16th. Wall Street Zen cut Uranium Royalty from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Raymond James Financial upgraded Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Uranium Royalty in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded Uranium Royalty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $4.12.

Uranium Royalty Price Performance

NASDAQ UROY opened at $3.03 on Wednesday. The firm’s fifty day moving average price is $3.01 and its 200 day moving average price is $3.64. Uranium Royalty has a 12 month low of $2.42 and a 12 month high of $5.52. The company has a market capitalization of $444.89 million, a price-to-earnings ratio of 151.58 and a beta of 1.40.

Hedge Funds Weigh In On Uranium Royalty

Several institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC purchased a new position in Uranium Royalty during the 2nd quarter worth $29,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Uranium Royalty in the second quarter valued at about $33,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Uranium Royalty during the fourth quarter worth about $44,000. Financial Security Advisor Inc. acquired a new position in shares of Uranium Royalty during the fourth quarter worth about $46,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Uranium Royalty during the fourth quarter worth about $51,000. 24.19% of the stock is owned by institutional investors and hedge funds.

About Uranium Royalty

Uranium Royalty Corp. is a Vancouver-based mineral rights acquisition, royalty and streaming company focused exclusively on the uranium sector. Established in early 2021 and listed on the NASDAQ under the symbol UROY, the company seeks to provide investors with leveraged exposure to uranium prices without direct mining risk. Rather than owning or operating mines, Uranium Royalty acquires long-term royalties and streams on both production and development-stage uranium projects worldwide.

The company’s diversified portfolio encompasses royalty interests across multiple jurisdictions, including Canada, the United States, South America, Central Asia and Australia.