MMCAP International Inc. SPC Lowers Stake in Uranium Royalty Corp. (NASDAQ:UROY)

MMCAP International Inc. SPC cut its stake in shares of Uranium Royalty Corp. (NASDAQ:UROY - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,468,180 shares of the company's stock after selling 250,939 shares during the period. MMCAP International Inc. SPC owned 1.10% of Uranium Royalty worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UROY. Accordant Advisory Group Inc bought a new position in shares of Uranium Royalty during the fourth quarter valued at approximately $624,000. Fourth Sail Capital LP bought a new position in shares of Uranium Royalty during the third quarter valued at approximately $1,428,000. Sprott Inc. grew its stake in shares of Uranium Royalty by 108.2% during the fourth quarter. Sprott Inc. now owns 834,478 shares of the company's stock valued at $1,828,000 after buying an additional 433,682 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Uranium Royalty during the third quarter valued at approximately $233,000. Finally, Stifel Financial Corp bought a new position in shares of Uranium Royalty during the third quarter valued at approximately $388,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on UROY shares. Raymond James started coverage on Uranium Royalty in a research note on Thursday, February 6th. They set an "outperform" rating on the stock. HC Wainwright reaffirmed a "buy" rating and set a $7.70 target price on shares of Uranium Royalty in a research note on Thursday, December 19th. Finally, National Bank Financial started coverage on Uranium Royalty in a research note on Wednesday, February 12th. They set a "sector perform" rating on the stock.

Uranium Royalty Stock Up 1.5 %

NASDAQ:UROY traded up $0.03 during midday trading on Friday, hitting $2.03. The stock had a trading volume of 1,988,145 shares, compared to its average volume of 2,174,526. Uranium Royalty Corp. has a one year low of $1.86 and a one year high of $3.12. The company has a market capitalization of $271.19 million, a price-to-earnings ratio of 67.69 and a beta of 1.14. The stock has a 50-day moving average of $2.29 and a 200 day moving average of $2.40.

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.