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Uranium Royalty (TSE:URC) Stock Price Up 6.5% - What's Next?

Uranium Royalty logo with Energy background

Key Points

  • Uranium Royalty Corp.'s stock surged by 6.5%, reaching a last trading price of C$6.02, with a significant volume increase to 422,920 shares traded.
  • Raymond James Financial downgraded the stock from a "moderate buy" to a "hold" rating while raising the target price to C$5.00, amid a consensus rating of "Hold" among analysts.
  • The company's market capitalization stands at C$804.50 million, with a P/E ratio of -602.00, indicating ongoing challenges in profitability.
  • Five stocks we like better than Uranium Royalty.

Uranium Royalty Corp. (TSE:URC - Get Free Report) shot up 6.5% on Tuesday . The stock traded as high as C$6.09 and last traded at C$6.02. 422,920 shares changed hands during trading, an increase of 99% from the average session volume of 213,035 shares. The stock had previously closed at C$5.65.

Analysts Set New Price Targets

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

Get Our Latest Analysis on URC

Uranium Royalty Stock Up 6.5%

The stock has a market capitalization of C$804.50 million, a P/E ratio of -602.00 and a beta of 1.72. The business's 50 day simple moving average is C$4.78 and its two-hundred day simple moving average is C$3.62.

Uranium Royalty Company Profile

(Get Free Report)

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.

Further Reading

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