Uranium Royalty (TSE:URC) Shares Down 2.5% – Here’s What Happened

Uranium Royalty Corp. (TSE:URC)’s share price was down 2.5% during trading on Thursday . The stock traded as low as C$3.85 and last traded at C$3.86. Approximately 297,975 shares were traded during mid-day trading, a decline of 26% from the average session volume of 403,901 shares. The stock had previously closed at C$3.96.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded Uranium Royalty from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$5.75 to C$6.25 in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uranium Royalty has a consensus rating of “Moderate Buy” and an average price target of C$5.88.

Uranium Royalty Trading Down 2.5%

The company has a market capitalization of C$565.85 million, a PE ratio of 96.50 and a beta of 0.73. The firm’s 50-day simple moving average is C$4.84 and its 200-day simple moving average is C$5.23.

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

Uranium Royalty Company Profile

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.