Uranium Royalty (NASDAQ:UROY) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Uranium Royalty (NASDAQ:UROY) released its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05, Zacks reports. Uranium Royalty had a net margin of 21.11% and a return on equity of 14.24%.

Uranium Royalty Stock Down 2.8%

NASDAQ UROY traded down $0.12 on Monday, reaching $4.24. The company had a trading volume of 3,961,361 shares, compared to its average volume of 2,826,606. The stock has a market capitalization of $1.62 billion, a PE ratio of 212.11 and a beta of 1.42. Uranium Royalty has a 12 month low of $2.56 and a 12 month high of $5.52. The firm’s 50 day moving average price is $3.66 and its 200 day moving average price is $3.59.

Analyst Upgrades and Downgrades

UROY has been the subject of several recent analyst reports. Zacks Research raised shares of Uranium Royalty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded Uranium Royalty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. HC Wainwright reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Uranium Royalty in a research note on Thursday, July 16th. Finally, National Bank Financial assumed coverage on Uranium Royalty in a research report on Wednesday, July 29th. They set an “outperform” rating and a $3.75 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $4.12.

About Uranium Royalty

Uranium Royalty Corp. is a uranium-focused royalty and streaming company. Rather than primarily mining uranium itself, the company seeks exposure to uranium prices and production by acquiring royalties, streams, offtake agreements, debt investments and equity interests related to uranium projects.

The company’s portfolio includes interests in uranium development, exploration and production assets, as well as physical uranium holdings. Its strategy is designed to provide diversified participation in the uranium sector while limiting the direct operating and capital requirements associated with developing and running mines.

Uranium Royalty Corp.