Uranium Royalty (TSE:URC) Trading Down 5.8% – What’s Next?

Uranium Royalty Corp. (TSE:URC)’s stock price fell 5.8% during trading on Wednesday . The stock traded as low as C$4.99 and last traded at C$5.03. 559,356 shares were traded during mid-day trading, an increase of 38% from the average session volume of 405,134 shares. The stock had previously closed at C$5.34.

Analyst Ratings Changes

Separately, Raymond James Financial raised shares of Uranium Royalty from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$5.75 to C$6.25 in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$5.88.

Uranium Royalty Stock Performance

The business has a 50-day moving average price of C$5.08 and a 200 day moving average price of C$5.33. The stock has a market capitalization of C$737.36 million, a P/E ratio of 125.75 and a beta of 0.73.

Uranium Royalty (TSE:URC) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$16.63 million for the quarter. Uranium Royalty had a return on equity of 1.35% and a net margin of 8.03%.

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.