Renaissance Technologies LLC Raises Stock Holdings in Uranium Royalty Corp. $UROY

Renaissance Technologies LLC raised its holdings in shares of Uranium Royalty Corp. (NASDAQ:UROY) by 206.5% in the first quarter, Holdings Channel.com reports. The firm owned 196,751 shares of the company’s stock after buying an additional 132,551 shares during the period. Renaissance Technologies LLC’s holdings in Uranium Royalty were worth $718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oxford Asset Management LLP raised its position in shares of Uranium Royalty by 13.2% in the 4th quarter. Oxford Asset Management LLP now owns 33,242 shares of the company’s stock valued at $118,000 after purchasing an additional 3,877 shares in the last quarter. Royal Bank of Canada grew its position in shares of Uranium Royalty by 7.5% during the fourth quarter. Royal Bank of Canada now owns 132,590 shares of the company’s stock worth $470,000 after buying an additional 9,200 shares in the last quarter. LPL Financial LLC grew its position in shares of Uranium Royalty by 7.3% during the fourth quarter. LPL Financial LLC now owns 160,522 shares of the company’s stock worth $568,000 after buying an additional 10,982 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of Uranium Royalty in the second quarter worth $29,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Uranium Royalty in the fourth quarter worth $44,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Royalty Price Performance

Uranium Royalty stock opened at $4.12 on Friday. The company has a market cap of $1.57 billion, a PE ratio of 206.10 and a beta of 1.38. The company has a fifty day moving average price of $3.09 and a two-hundred day moving average price of $3.60. Uranium Royalty Corp. has a 12 month low of $2.51 and a 12 month high of $5.52.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UROY. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 price target on shares of Uranium Royalty in a report on Thursday, July 16th. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. National Bank Financial initiated coverage on shares of Uranium Royalty in a research report on Wednesday, July 29th. They issued an “outperform” rating and a $3.75 target price for the company. Raymond James Financial upgraded shares of Uranium Royalty from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Uranium Royalty from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Uranium Royalty presently has a consensus rating of “Buy” and a consensus price target of $4.12.

Uranium Royalty Company Profile

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.