Uranium Royalty (TSE:URC) Hits New 52-Week High - Time to Buy?

Key Points

• Uranium Royalty Corp. (TSE:URC) reached a new 52-week high, trading at C$6.80, with a last trading price of C$6.51.
• Wall Street analysts downgraded Uranium Royalty from a "moderate buy" to a "hold" rating, while raising the target price from C$4.50 to C$5.00.
• The company, which focuses on investments in uranium interests, has a current market cap of C$829.89 million and a PE ratio of -621.00.

Uranium Royalty Corp. (TSE:URC - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$6.80 and last traded at C$6.51, with a volume of 233833 shares. The stock had previously closed at C$6.02.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial cut Uranium Royalty from a "moderate buy" rating to a "hold" rating and increased their target price for the company from C$4.50 to C$5.00 in a report on Tuesday, September 23rd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$4.63.

Uranium Royalty Trading Up 3.2%

The company has a market cap of C$829.89 million, a PE ratio of -621.00 and a beta of 1.72. The firm has a 50 day moving average of C$4.78 and a two-hundred day moving average of C$3.62.

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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