Uranium Royalty (TSE:URC) Trading 0.5% Higher – What’s Next?

Uranium Royalty Corp. (TSE:URCGet Free Report) was up 0.5% during trading on Wednesday . The company traded as high as C$4.11 and last traded at C$4.02. Approximately 101,595 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 212,527 shares. The stock had previously closed at C$4.00.

Analysts Set New Price Targets

A number of research firms recently issued reports on URC. Canaccord Genuity Group decreased their target price on shares of Uranium Royalty from C$6.75 to C$6.50 and set a “speculative buy” rating for the company in a research report on Tuesday, September 24th. B. Riley upgraded shares of Uranium Royalty to a “strong-buy” rating in a report on Sunday, October 6th.

Read Our Latest Research Report on URC

Uranium Royalty Stock Performance

The business has a 50-day moving average of C$3.34 and a 200-day moving average of C$3.30. The stock has a market capitalization of C$488.43 million, a price-to-earnings ratio of 57.43 and a beta of 1.69.

Uranium Royalty (TSE:URCGet Free Report) last issued its quarterly earnings results on Thursday, September 12th. The company reported C($0.02) earnings per share (EPS) for the quarter. Uranium Royalty had a return on equity of 3.83% and a net margin of 20.29%.

Uranium Royalty Company Profile

(Get Free Report)

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.

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