Uranium Royalty (NASDAQ:UROY) Stock Price Down 14.2% – Time to Sell?

Uranium Royalty Corp. (NASDAQ:UROY)’s stock price fell 14.2% during trading on Thursday . The stock traded as low as $4.68 and last traded at $4.6850. 2,134,980 shares were traded during mid-day trading, a decline of 39% from the average session volume of 3,482,934 shares. The stock had previously closed at $5.46.

Analysts Set New Price Targets

Several research analysts recently issued reports on UROY shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Uranium Royalty in a research report on Wednesday, January 14th. Zacks Research lowered Uranium Royalty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Uranium Royalty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.50.

Uranium Royalty Price Performance

The business has a 50-day simple moving average of $3.94 and a 200-day simple moving average of $3.65.

Uranium Royalty (NASDAQ:UROY) last announced its quarterly earnings results on Thursday, December 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $0.03 million for the quarter. Uranium Royalty had a negative return on equity of 1.26% and a net margin of 1.95%. Equities research analysts expect that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UROY. Acuitas Investments LLC increased its stake in shares of Uranium Royalty by 120.9% during the 3rd quarter. Acuitas Investments LLC now owns 2,237,441 shares of the company’s stock valued at $9,621,000 after acquiring an additional 1,224,465 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Uranium Royalty by 47.1% during the second quarter. Vident Advisory LLC now owns 1,480,151 shares of the company’s stock valued at $3,700,000 after purchasing an additional 474,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Uranium Royalty by 7.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,052,298 shares of the company’s stock worth $30,406,000 after buying an additional 469,267 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Uranium Royalty in the third quarter worth about $816,000. Finally, SG Americas Securities LLC acquired a new position in shares of Uranium Royalty in the 4th quarter valued at approximately $635,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

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.