Uranium Royalty’s (UROY) “Buy” Rating Reaffirmed at HC Wainwright

Uranium Royalty (NASDAQ:UROY)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a research note issued to investors on Thursday,Benzinga reports. They presently have a $7.70 price target on the stock. HC Wainwright’s price target suggests a potential upside of 261.50% from the company’s current price.

Separately, B. Riley initiated coverage on shares of Uranium Royalty in a research note on Monday, October 7th. They set a “buy” rating and a $3.50 price objective for the company.

Uranium Royalty Trading Down 4.1 %

NASDAQ UROY opened at $2.13 on Thursday. The business’s 50-day moving average price is $2.63 and its 200 day moving average price is $2.42. Uranium Royalty has a twelve month low of $1.86 and a twelve month high of $3.76. The company has a market capitalization of $265.06 million, a PE ratio of 71.02 and a beta of 1.10.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UROY. Acuitas Investments LLC purchased a new position in Uranium Royalty in the second quarter valued at about $2,120,000. Fourth Sail Capital LP acquired a new position in shares of Uranium Royalty in the 3rd quarter valued at approximately $1,428,000. Stifel Financial Corp acquired a new position in shares of Uranium Royalty in the 3rd quarter valued at approximately $388,000. XTX Topco Ltd purchased a new position in shares of Uranium Royalty during the 3rd quarter valued at approximately $251,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Uranium Royalty during the third quarter worth approximately $233,000. 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.