Uranium Royalty (TSE:URC) Trading 0.4% Higher – Here’s What Happened

Uranium Royalty Corp. (TSE:URC)’s stock price shot up 0.4% during mid-day trading on Wednesday . The stock traded as high as C$2.80 and last traded at C$2.71. 145,543 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 183,344 shares. The stock had previously closed at C$2.70.

Analysts Set New Price Targets

Several brokerages recently issued reports on URC. Raymond James set a C$4.50 price objective on Uranium Royalty and gave the stock an “outperform” rating in a research note on Friday, February 7th. National Bankshares set a C$4.25 target price on Uranium Royalty and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Finally, National Bank Financial upgraded Uranium Royalty to a “hold” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$5.08.

Uranium Royalty Stock Performance

The firm has a fifty day moving average price of C$2.53 and a 200 day moving average price of C$3.03. The stock has a market cap of C$366.49 million, a PE ratio of 51.44 and a beta of 1.69.

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.