Uranium Royalty (TSE:URC) Stock Price Down 2.7% – Time to Sell?

Uranium Royalty Corp. (TSE:URC)’s stock price dropped 2.7% during mid-day trading on Friday . The stock traded as low as C$2.53 and last traded at C$2.55. Approximately 128,675 shares changed hands during trading, a decline of 34% from the average daily volume of 196,383 shares. The stock had previously closed at C$2.62.

Wall Street Analysts Forecast Growth

URC has been the subject of several recent analyst reports. Raymond James set a C$4.50 target price on Uranium Royalty and gave the stock an “outperform” rating in a research report on Friday, February 7th. National Bankshares set a C$4.25 price target on shares of Uranium Royalty and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Finally, National Bank Financial upgraded shares of Uranium Royalty to a “hold” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uranium Royalty currently has a consensus rating of “Moderate Buy” and an average target price of C$5.08.

Uranium Royalty Price Performance

The stock has a market cap of C$344.85 million, a price-to-earnings ratio of 48.40 and a beta of 1.69. The business has a fifty day moving average of C$2.56 and a 200 day moving average of C$3.19.

About Uranium Royalty

Uranium Royalty Corp is focused on gaining exposure to uranium prices by making investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, and through holdings of physical uranium. The company operates in a single segment, the investment in a portfolio of uranium interests.