National Bank Financial Initiates Coverage on Uranium Royalty (NASDAQ:UROY)

National Bank Financial began coverage on shares of Uranium Royalty (NASDAQ:UROY) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a “sector perform” rating on the stock.

UROY has been the topic of several other research reports. Raymond James assumed coverage on Uranium Royalty in a research note on Thursday, February 6th. They issued an “outperform” rating on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $7.70 target price on shares of Uranium Royalty in a report on Thursday, December 19th.

Uranium Royalty Price Performance

NASDAQ:UROY opened at $2.39 on Wednesday. The firm has a market capitalization of $318.61 million, a P/E ratio of 79.36 and a beta of 1.14. Uranium Royalty has a one year low of $1.86 and a one year high of $3.12. The company’s 50-day simple moving average is $2.34 and its 200 day simple moving average is $2.40.

Institutional Investors Weigh In On Uranium Royalty

A number of hedge funds have recently added to or reduced their stakes in UROY. Fourth Sail Capital LP purchased a new position in shares of Uranium Royalty in the 3rd quarter worth $1,428,000. Sprott Inc. boosted its position in Uranium Royalty by 108.2% in the fourth quarter. Sprott Inc. now owns 834,478 shares of the company’s stock worth $1,828,000 after purchasing an additional 433,682 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Uranium Royalty during the 4th quarter valued at about $624,000. Stifel Financial Corp bought a new stake in shares of Uranium Royalty during the 3rd quarter valued at about $388,000. Finally, XTX Topco Ltd purchased a new stake in shares of Uranium Royalty during the 3rd quarter valued at about $251,000. 24.19% of the stock is currently 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.