Uranium Royalty (TSE:URC) Trading Down 2.5% – Here’s Why

Uranium Royalty Corp. (TSE:URC)’s share price dropped 2.5% during mid-day trading on Thursday . The company traded as low as C$3.85 and last traded at C$3.86. 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 Upgrades and Downgrades

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

Uranium Royalty Stock Up 2.3%

The company has a market cap of C$579.04 million, a P/E ratio of 98.75 and a beta of 0.73. The business has a fifty day moving average of C$4.81 and a 200 day moving average of C$5.22.

Uranium Royalty (TSE:URC) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.02 earnings per share (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.