Raymond James started coverage on shares of Uranium Royalty (NASDAQ:UROY - Free Report) in a report published on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating on the stock.
Separately, HC Wainwright restated a "buy" rating and issued a $7.70 target price on shares of Uranium Royalty in a research note on Thursday, December 19th.
View Our Latest Research Report on Uranium Royalty
Uranium Royalty Price Performance
Shares of UROY traded up $0.03 during midday trading on Thursday, hitting $2.46. The stock had a trading volume of 3,189,605 shares, compared to its average volume of 2,187,642. The firm has a market cap of $328.63 million, a price-to-earnings ratio of 82.03 and a beta of 1.14. The company has a 50 day simple moving average of $2.34 and a two-hundred day simple moving average of $2.40. Uranium Royalty has a twelve month low of $1.86 and a twelve month high of $3.14.
Hedge Funds Weigh In On Uranium Royalty
A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Uranium Royalty in the fourth quarter valued at about $30,000. Bailard Inc. raised its stake in shares of Uranium Royalty by 25.4% during the 4th quarter. Bailard Inc. now owns 60,700 shares of the company's stock worth $133,000 after purchasing an additional 12,300 shares in the last quarter. Sage Investment Counsel LLC bought a new position in shares of Uranium Royalty in the 4th quarter valued at about $55,000. Sprott Inc. raised its stake in Uranium Royalty by 108.2% in 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 period. Finally, Mountain Lake Investment Management LLC bought a new stake in Uranium Royalty in the 4th quarter valued at $33,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.
About Uranium Royalty
(
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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.
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