12 Best Uranium Stocks to Invest in According to Analysts

8. Uranium Royalty Corp. (NASDAQ:UROY)

Number of Hedge Fund Holders: 8

Average Upside Potential: 87.22%

Uranium Royalty Corp. (NASDAQ:UROY) is a Vancouver-based company that acquires and manages royalties from uranium projects. It holds a diverse portfolio of interests in uranium assets across Canada, the United States, and Namibia. UROY ranks 8th on our list of the best uranium stocks.

On February 6, Raymond James assigned an Outperform rating on Uranium Royalty Corp. (NASDAQ:UROY) with a price target of C$4.50. The investment firm sees UROY as a low-risk investment with diversified uranium exposure. With no debt, $300 million in cash and physical uranium, and assets in low-risk regions, the company is well-positioned for growth amid rising demand for uranium.

As of March 6, 2025, Uranium Royalty Corp. (NASDAQ:UROY) purchased 3.5 million pounds of uranium at an average cost of $57.58 per pound and sold 0.75 million pounds at $65.79 per pound. The company holds 2.8 million pounds in inventory, valued at $175 million. UROY also has an agreement to purchase 500,000 pounds of uranium from CGN Global by 2025, with 100,000 pounds left to be delivered. Additionally, it has the option to acquire up to $21.25 million in uranium through 2028 and will collaborate with Yellow Cake on future uranium projects, including potential royalty and stream transactions.

According to Insider Monkey’s fourth quarter database, 8 hedge funds were long Uranium Royalty Corp. (NASDAQ:UROY), compared to 7 funds in the preceding quarter.