Uranium Royalty (TSE:URC) Downgraded to Market Perform Rating by Raymond James Financial

Key Points

• Uranium Royalty Corp has been downgraded by Raymond James Financial from "outperform" to "market perform," with a target price of C$5.00, indicating a potential downside of 19.09% from its last close.
• The stock price fell by 2.1%, reaching C$6.18, while trading volume significantly exceeded its average.
• Uranium Royalty focuses on investments in uranium interests, including royalties and physical uranium, and has a strong market capitalization of C$825.88 million.

Uranium Royalty (TSE:URC - Get Free Report) was downgraded by stock analysts at Raymond James Financial from an "outperform" rating to a "market perform" rating in a note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$5.00 target price on the stock, up from their previous target price of C$4.50. Raymond James Financial's price target suggests a potential downside of 19.09% from the company's previous close.

Uranium Royalty Stock Down 2.1%

TSE URC traded down C$0.13 on Tuesday, hitting C$6.18. 483,559 shares of the stock were exchanged, compared to its average volume of 199,197. Uranium Royalty has a fifty-two week low of C$2.00 and a fifty-two week high of C$6.44. The company has a market cap of C$825.88 million, a PE ratio of -618.00 and a beta of 1.68. The company has a 50-day moving average price of C$4.10 and a 200-day moving average price of C$3.26.

About Uranium Royalty

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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