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

Uranium Royalty Corp. (TSE:URC – Get Free Report)’s share price was down 5.8% during mid-day trading on Wednesday . The company traded as low as C$4.99 and last traded at C$5.03. Approximately 559,356 shares traded hands during trading, an increase of 38% from the average daily volume of 405,134 shares. The stock had previously closed at C$5.34.

Wall Street Analyst Weigh In

Separately, Raymond James Financial raised shares of Uranium Royalty from a “hold” rating to a “moderate buy” rating and boosted their target price for the company 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 issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$5.88.

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Uranium Royalty Stock Performance

The business’s 50 day moving average price is C$5.08 and its two-hundred day moving average price is C$5.33. The company has a market capitalization of C$636.21 million, a price-to-earnings ratio of 108.50 and a beta of 0.73.

Uranium Royalty (TSE:URC – Get Free Report) last issued 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 during the quarter. Uranium Royalty had a net margin of 8.03% and a return on equity of 1.35%.

Uranium Royalty Company Profile

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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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