Uranium Royalty (TSE:URC) Shares Up 2.4% – Still a Buy?

Uranium Royalty Corp. (TSE:URC)’s share price rose 2.4% on Friday . The company traded as high as C$5.89 and last traded at C$5.59. Approximately 425,151 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 366,759 shares. The stock had previously closed at C$5.46.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on URC. Raymond James Financial downgraded shares of Uranium Royalty from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$4.50 to C$5.00 in a report on Tuesday, September 23rd. National Bankshares lifted their target price on Uranium Royalty from C$5.00 to C$5.50 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$5.25.

Uranium Royalty Trading Up 2.4%

The stock has a market cap of C$773.39 million, a P/E ratio of 559.00 and a beta of 1.31. The company’s fifty day simple moving average is C$5.20 and its 200-day simple moving average is C$4.78.

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.