Uranium Royalty Corp. (NASDAQ:UROY) Shares Sold by MMCAP International Inc. SPC

MMCAP International Inc. SPC cut its stake in shares of Uranium Royalty Corp. (NASDAQ:UROY) by 14.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,468,180 shares of the company’s stock after selling 250,939 shares during the period. MMCAP International Inc. SPC’s holdings in Uranium Royalty were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Sprott Inc. lifted its holdings in shares of Uranium Royalty by 108.2% during 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 period. Mountain Lake Investment Management LLC acquired a new stake in shares of Uranium Royalty during the fourth quarter worth $33,000. Legato Capital Management LLC acquired a new stake in Uranium Royalty in the fourth quarter valued at $60,000. Accordant Advisory Group Inc acquired a new stake in Uranium Royalty in the fourth quarter valued at $624,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Uranium Royalty in the fourth quarter valued at $43,000. 24.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James assumed coverage on Uranium Royalty in a report on Thursday, February 6th. They issued an “outperform” rating for the company. National Bank Financial assumed coverage on Uranium Royalty in a report on Wednesday, February 12th. They issued a “sector perform” rating for the company. Finally, HC Wainwright reissued 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 2.4 %

Shares of UROY stock opened at $2.04 on Wednesday. Uranium Royalty Corp. has a fifty-two week low of $1.86 and a fifty-two week high of $3.12. The stock has a market cap of $272.53 million, a P/E ratio of 68.02 and a beta of 1.14. The business has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $2.41.

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.