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7 Uranium Stocks That Can Fuel a Growth Portfolio in 2024 - 6 of 7

 
 

#6 - Uranium Royalty (NASDAQ:UROY)

Uranium Royalty Corp. (NASDAQ: UROY) offers investors a different way to invest in the growing demand for uranium. Uranium Royalty isn't a miner and doesn't have the associated risks. Instead, the company owns and invests in 18 uranium projects throughout the United States and Canada, including several projects in the Athabasca Basin region. 

The company positions itself as "The First and Only Pure Play Uranium Royalty Company." By this, it is the first company with a royalty and streaming business model exclusive to the uranium sector. 

UROY stock has only been publicly trading since 2020. The stock is up 21% in the last 12 months despite being down over 4% in 2024. Uranium Royalty is not heavily covered by analysts but has a consensus price target of $5.35, which would result in a gain of over 102% from the stock's price on March 12, 2024.  

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. Read More 
Current Price
$2.13
Consensus Rating
Strong Buy
Ratings Breakdown
2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$5.60 (162.9% Upside)

 

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