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Uranium Royalty (NASDAQ:UROY) Shares Down 7% - What's Next?

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Uranium Royalty Corp. (NASDAQ:UROY - Get Free Report) fell 7% during mid-day trading on Friday . The stock traded as low as $1.51 and last traded at $1.60. 4,229,266 shares were traded during trading, an increase of 137% from the average session volume of 1,781,061 shares. The stock had previously closed at $1.72.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on UROY

Uranium Royalty Trading Down 7.0 %

The firm's fifty day moving average price is $2.04 and its 200-day moving average price is $2.34. The company has a market cap of $213.82 million, a P/E ratio of 53.35 and a beta of 1.17.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). As a group, research analysts forecast that Uranium Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Uranium Royalty

A number of institutional investors have recently bought and sold shares of the business. CenterBook Partners LP lifted its holdings in shares of Uranium Royalty by 890.9% during the 4th quarter. CenterBook Partners LP now owns 3,435,097 shares of the company's stock worth $7,523,000 after acquiring an additional 3,088,434 shares during the period. Millennium Management LLC raised its position in Uranium Royalty by 3,613.3% in the fourth quarter. Millennium Management LLC now owns 518,784 shares of the company's stock worth $1,136,000 after purchasing an additional 504,813 shares in the last quarter. Renaissance Technologies LLC bought a new position in Uranium Royalty during the fourth quarter worth about $1,062,000. Sprott Inc. boosted its holdings in 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 purchasing an additional 433,682 shares in the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in Uranium Royalty during the fourth quarter valued at approximately $624,000. Institutional investors and hedge funds own 24.19% of the company's stock.

Uranium Royalty Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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