Uranium Royalty (NASDAQ:UROY) Given New $4.50 Price Target at HC Wainwright

Uranium Royalty (NASDAQ:UROY - Get Free Report) had its price target cut by research analysts at HC Wainwright from $7.70 to $4.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price objective would indicate a potential upside of 169.46% from the company's previous close.

Several other equities research analysts have also recently weighed in on UROY. Raymond James initiated coverage on Uranium Royalty in a report on Thursday, February 6th. They issued an "outperform" rating on the stock. National Bank Financial assumed coverage on Uranium Royalty in a research note on Wednesday, February 12th. They issued a "sector perform" rating on the stock.

Uranium Royalty Price Performance

Shares of NASDAQ:UROY opened at $1.67 on Tuesday. The business's 50 day simple moving average is $1.84 and its 200 day simple moving average is $2.27. Uranium Royalty has a 1 year low of $1.43 and a 1 year high of $3.12. The company has a market capitalization of $223.17 million, a P/E ratio of 55.69 and a beta of 1.21.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). On average, sell-side analysts anticipate that Uranium Royalty will post 0.01 EPS for the current fiscal year.

Institutional Trading of Uranium Royalty

Hedge funds have recently made changes to their positions in the company. Stifel Financial Corp acquired a new stake in Uranium Royalty during the 3rd quarter worth approximately $388,000. Sanctuary Advisors LLC bought a new position in shares of Uranium Royalty during the third quarter worth about $233,000. Brave Asset Management Inc. acquired a new position in shares of Uranium Royalty in the fourth quarter worth approximately $35,000. Geneos Wealth Management Inc. acquired a new position in shares of Uranium Royalty in the fourth quarter worth approximately $43,000. Finally, Accordant Advisory Group Inc bought a new stake in Uranium Royalty in the fourth quarter valued at approximately $624,000. 24.19% of the stock is owned by institutional investors and hedge funds.

About Uranium Royalty

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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