Uranium Royalty (TSE:URC) Stock Price Down 2.8% – Here’s Why

Uranium Royalty Corp. (TSE:URC) shares dropped 2.8% on Wednesday . The stock traded as low as C$4.92 and last traded at C$4.94. Approximately 212,256 shares traded hands during trading, a decline of 49% from the average daily volume of 412,739 shares. The stock had previously closed at C$5.08.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their target price on shares of Uranium Royalty from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$5.25.

Uranium Royalty Stock Performance

The stock has a 50 day moving average of C$5.78 and a 200 day moving average of C$5.51. The stock has a market capitalization of C$723.60 million, a P/E ratio of 123.50 and a beta of 0.71.

Uranium Royalty (TSE:URC) last posted its earnings results on Tuesday, March 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. Uranium Royalty had a return on equity of 1.35% and a net margin of 8.03%.The company had revenue of C$16.66 million for the quarter.

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.