Uranium Royalty (NASDAQ:UROY) Upgraded at B. Riley

B. Riley upgraded shares of Uranium Royalty (NASDAQ:UROY) to a strong-buy rating in a research report sent to investors on Sunday morning, Zacks.com reports.

Separately, HC Wainwright reaffirmed a buy rating and set a $7.70 target price on shares of Uranium Royalty in a report on Tuesday, September 17th.

Uranium Royalty Price Performance

Shares of UROY stock opened at $2.60 on Friday. The stock has a 50-day simple moving average of $2.24 and a 200 day simple moving average of $2.38. Uranium Royalty has a fifty-two week low of $1.86 and a fifty-two week high of $3.76. The stock has a market capitalization of $315.90 million, a P/E ratio of 52.01 and a beta of 1.22.

Uranium Royalty (NASDAQ:UROY) last announced its earnings results on Thursday, September 12th. The company reported ($0.01) earnings per share for the quarter. On average, sell-side analysts anticipate that Uranium Royalty will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On Uranium Royalty

Several hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC purchased a new stake in Uranium Royalty in the 2nd quarter worth about $36,000. Rathbones Group PLC purchased a new stake in Uranium Royalty in the 2nd quarter worth about $57,000. Acuitas Investments LLC purchased a new stake in Uranium Royalty in the 2nd quarter worth about $2,120,000. Virtu Financial LLC purchased a new stake in Uranium Royalty in the 1st quarter worth about $110,000. Finally, Murchinson Ltd. purchased a new stake in Uranium Royalty in the 1st quarter worth about $51,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

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.