# Uranium Royalty Corp. (UROY)

> Source: Nexqual · https://nexqual.com/UROY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Uranium Royalty Corp. (UROY), nexqual.com/UROY" · informational, not investment advice.

**Price:** USD 3.38 (-1.17% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 3.42 · day 3.33–3.42 · 52w 2.56–5.52 · market cap $1.29B · NCM

## Key facts
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $43K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.60 on a 1–5 scale) (5 analysts), mean target USD 4.38 (range 4.02–4.58).
- Total return with dividends: 1Y -15.5% vs S&P 500 +14.9%; 5Y -39.6% vs S&P 500 +80.3%.
- Next earnings: 2026-12-11, EPS estimate USD -0.01, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|
| Revenue | $31.2M | $11.2M | $187M | — |
| Operating income | $5.1M | -$3.4M | $48.3M | — |
| Net income | $13.7M | -$4.5M | $40.2M | — |
| EPS (diluted) | $0.12 | -$0.04 | $0.29 | — |
| Operating margin | 16.3% | -30.7% | 25.9% | — |
| Net margin | 43.9% | -40.2% | 21.5% | — |
| Revenue growth | — | -64.1% | +1566.0% | — |
| Cash + short-term investments | $15.4M | $9.4M | $242M | — |
| Total debt | — | — | $0K | — |
Fiscal years end Apr. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/B 1.3x · Net debt $499M · EV $1.79B
P/E at fiscal year-ends: Apr 2026 13.5x, Apr 2024 19.2x.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $43K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-07-30 | Melbye Scott | Chief Executive Officer | 13,850 | $43K | 3.13 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.60 on a 1–5 scale), 5 analysts; mean target USD 4.38 (low 4.02, high 4.58).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | HC Wainwright & Co. | Reiterated | Buy | $4.5 |
| 2026-07-16 | HC Wainwright & Co. | Reiterated | Buy | $4.5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -15.5% | -39.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -15.6% | -9.6% |
| Volatility (annualized) | 69.2% | 60.2% |
| Max drawdown | -52.2% (Jan 2026→Jul 2026) | -71.4% (Oct 2021→Mar 2025) |

## Peers (Uranium)
DNN (Denison Mines Corp) USD 2.16 -7.30% · UUUU (Energy Fuels Inc) USD 7.69 -6.22% · LEU (Centrus Energy Corp.) USD 104.15 -4.37% · ISOU (IsoEnergy Ltd.) USD 8.02 -5.87% · UEC (Uranium Energy Corp.) USD 7.48 -5.32% · URG (Ur Energy Inc) USD 0.82 -7.32%

## More
Full page: https://nexqual.com/UROY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in UROY's own 10-K filed 2026-07-28 (https://www.sec.gov/Archives/edgar/data/2143673/000119312526321135/uroy-20260430.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Yellow Cake | "Pursuant to the Yellow Cake Agreement, the Company may acquire between US$2.5 million and US$10 million of U3O8 per year from Yellow Cake under its supply agreement that will expire on January 1, 2028, up to a maximum ag…" |
| Customer | Sweetwater Royalties | "In addition to our soda ash royalty interests, the Sweetwater Entities generate, and may seek to generate, ancillary revenue from surface uses, renewable energy development, grazing, easements and other land-based opport…" |
| Related party | URANIUM ENERGY CORP (UEC) | "During the year ended April 30, 2024, Uranium Energy Corp. ("UEC"), a shareholder and related party of the Company, purchased 2,978,364 common shares in public offerings." |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Sales Of Uranium Inventory | $51.0M | 100.0% | +110.2% |
| Royalty | $682,000 | 1.3% | +1848.6% |
| Surface Revenue | $20,000 | 0.0% | — |
| Annual Rental Revenue | $14,000 | 0.0% | — |
| Total revenue | $51.0M | 100% | — |

## Company outlook (8-K filed 2026-09-15)

- "Cameco Corporation (“Cameco”) reiterated its 2026 production guidance at both Cigar Lake (17.5-18.0 million lbs, unchanged despite temporary disruptions) and McArthur River/Key Lake (14.0-16.5 million lbs, maintained), while Paladin Energy Ltd."
- "(“Paladin”) announced that Langer Heinrich exceeded its production guidance for its fiscal year 2026 (4.82 million lbs vs guidance of 4.5-4.8 million lbs) and outlined further growth into 2027."
- "(1) Collectively, this underscores the resilient operating performance and expected positive growth for the Company's portfolio. ● Soda ash production underpinned by low-cost operator positioning: Operators across the Company's Wyoming-based soda ash assets continue to demonstrate resilient performance and expansion potential."
- "By monetizing physical uranium at a realized price above the market average, we funded the Sweetwater acquisition while delivering record net income of $16.3 million, and our uranium royalty counterparties, including Cameco at McArthur River and Cigar Lake, have largely maintained production guidance, reinforcing the stability and visibility of our core portfolio."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $-0.01 | $0.01 | -240.0% | $0 | 1 |
| Next quarter (ends 2027-01-31) | $-0.01 | $0.01 | -240.0% | $0 | 1 |
| Current fiscal year (ends 2027-04-30) | $0.11 | $0.04 | +185.0% | $147.6M | 1 |
| Next fiscal year (ends 2028-04-30) | $0.01 | $0.00 | — | $0 | 1 |