Uranium Royalty (NASDAQ:UROY) Earns Buy Rating from HC Wainwright

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

Separately, B. Riley started coverage on Uranium Royalty in a research report on Monday, October 7th. They issued a “buy” rating and a $3.50 price objective for the company.

Uranium Royalty Stock Performance

UROY stock opened at $2.13 on Thursday. The stock has a market capitalization of $265.06 million, a PE ratio of 71.02 and a beta of 1.10. The company has a fifty day moving average of $2.63 and a 200-day moving average of $2.42. Uranium Royalty has a one year low of $1.86 and a one year high of $3.76.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Acuitas Investments LLC acquired a new stake in Uranium Royalty during the 2nd quarter valued at $2,120,000. Rathbones Group PLC purchased a new stake in shares of Uranium Royalty in the second quarter valued at $57,000. AE Wealth Management LLC acquired a new stake in shares of Uranium Royalty during the second quarter valued at $36,000. Bayshore Asset Management LLC purchased a new stake in Uranium Royalty during the 3rd quarter worth about $147,000. Finally, Fourth Sail Capital LP acquired a new position in Uranium Royalty in the 3rd quarter valued at about $1,428,000. 24.19% of the stock is owned by hedge funds and other institutional investors.

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.