Uranium Royalty (TSE:URC) Shares Down 5.6% – Here’s What Happened

Uranium Royalty Corp. (TSE:URC – Get Free Report) was down 5.6% on Thursday . The stock traded as low as C$3.61 and last traded at C$3.68. 355,076 shares were traded during trading, a decline of 8% from the average session volume of 385,345 shares. The stock had previously closed at C$3.90.

Wall Street Analysts Forecast Growth

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

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Uranium Royalty Stock Performance

The company’s 50-day moving average price is C$4.46 and its 200-day moving average price is C$5.10. The firm has a market capitalization of C$539.46 million, a PE ratio of 92.00 and a beta of 0.78.

Uranium Royalty (TSE:URC – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.02 earnings per share for the quarter. The company 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

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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.

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