MMCAP International Inc. SPC Cuts Position in Uranium Royalty Corp. (NASDAQ:UROY)

MMCAP International Inc. SPC trimmed its position in shares of Uranium Royalty Corp. (NASDAQ:UROY) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the 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 about 1.10% of Uranium Royalty worth $3,215,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc purchased a new position in Uranium Royalty in the fourth quarter valued at approximately $624,000. Fourth Sail Capital LP purchased a new position in Uranium Royalty in the third quarter valued at approximately $1,428,000. Sanctuary Advisors LLC purchased a new position in Uranium Royalty in the third quarter valued at approximately $233,000. Stifel Financial Corp purchased a new position in Uranium Royalty in the third quarter valued at approximately $388,000. Finally, National Bank of Canada FI increased its stake in Uranium Royalty by 149.4% in the third quarter. National Bank of Canada FI now owns 18,489 shares of the company’s stock valued at $45,000 after purchasing an additional 11,075 shares during the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on UROY shares. National Bank Financial started 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 started coverage on shares of Uranium Royalty in a research note on Thursday, February 6th. They issued an “outperform” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $7.70 price target on shares of Uranium Royalty in a research note on Thursday, December 19th.

Uranium Royalty Trading Down 2.4 %

UROY stock opened at $2.04 on Wednesday. The company has a market capitalization of $272.53 million, a P/E ratio of 68.02 and a beta of 1.14. Uranium Royalty Corp. has a twelve month low of $1.86 and a twelve month high of $3.12. The business has a 50 day simple moving average of $2.30 and a 200-day simple moving average of $2.41.

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.