Investment analysts at Zacks Research have downgraded Uranium Royalty (NASDAQ: UROY) from a “strong-buy” rating to a “hold” rating, according to a note released on Wednesday. This change reflects a cautious outlook on the stock, which has seen varied assessments from other financial institutions in recent weeks.
On September 23, Raymond James Financial reaffirmed a “market perform” rating for Uranium Royalty, while Weiss Ratings issued a “sell (D+)” rating on October 8. Additionally, Wall Street Zen upgraded the stock from a “sell” to a “hold” rating on September 13. Currently, one analyst has rated the stock as a Buy, three have given it a Hold rating, and one has issued a Sell rating. Data from MarketBeat.com indicates that the stock holds an average rating of “Hold” with a price target of $4.50.
Recent Earnings and Financial Performance
Uranium Royalty released its latest earnings results on September 11, reporting earnings per share of $0.01. This figure surpassed analysts’ consensus estimate of (-$0.01) by $0.02. The firm recorded a revenue of $28.90 million for the quarter, significantly exceeding the anticipated $9.49 million. Despite this positive revenue outcome, the company has faced challenges, indicated by a negative net margin of 2.90% and a negative return on equity of 0.56%. Analysts project Uranium Royalty will maintain an earnings per share of $0.01 for the current fiscal year.
Institutional Investment Activity
Recent trading activity has involved various institutional investors and hedge funds adjusting their positions in Uranium Royalty. Notably, Private Advisor Group LLC acquired a new position in the company worth $27,000 during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake by 64.8%, now holding 30,667 shares valued at $55,000 after acquiring an additional 12,064 shares.
Additionally, XTX Topco Ltd expanded its holdings by an impressive 488.0%, bringing its total to 134,515 shares worth $237,000. Virtu Financial LLC also entered a new investment worth approximately $155,000 in Uranium Royalty. Eagle Global Advisors LLC raised its position by 42.1%, now owning 127,900 shares valued at $225,000. Collectively, institutional investors control 24.19% of the company’s stock.
Uranium Royalty Corp. operates as a dedicated uranium royalty company, managing a portfolio of geographically diversified uranium interests. Its royalty holdings include notable projects in regions such as Saskatchewan, Arizona, New Mexico, South Dakota, Colorado, and even international locations like Namibia and Newfoundland and Labrador.
As the market continues to evolve, investors will be closely monitoring Uranium Royalty’s performance and any additional insights from analysts regarding its future prospects.
