Legato Capital Management LLC Invests $60,000 in Uranium Royalty Corp. (NASDAQ:UROY)

Legato Capital Management LLC purchased a new position in shares of Uranium Royalty Corp. (NASDAQ:UROY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,357 shares of the company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UROY. Fourth Sail Capital LP purchased a new stake in Uranium Royalty in the third quarter valued at approximately $1,428,000. Accordant Advisory Group Inc purchased a new stake in Uranium Royalty in the fourth quarter valued at approximately $624,000. Stifel Financial Corp purchased a new stake in Uranium Royalty in the third quarter valued at approximately $388,000. XTX Topco Ltd purchased a new stake in Uranium Royalty in the third quarter valued at approximately $251,000. Finally, Sanctuary Advisors LLC purchased a new stake in Uranium Royalty in the third quarter valued at approximately $233,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James assumed coverage on shares of Uranium Royalty in a report on Thursday, February 6th. They issued an “outperform” rating for the company. National Bank Financial assumed coverage on shares of Uranium Royalty in a report on Wednesday. They issued a “sector perform” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $7.70 target price on shares of Uranium Royalty in a report on Thursday, December 19th.

Uranium Royalty Stock Down 5.2 %

Shares of UROY stock opened at $2.21 on Friday. The stock has a market cap of $295.23 million, a price-to-earnings ratio of 73.69 and a beta of 1.14. Uranium Royalty Corp. has a fifty-two week low of $1.86 and a fifty-two week high of $3.12. The firm’s 50 day moving average price is $2.33 and its two-hundred day moving average price is $2.40.

Uranium Royalty Company 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.