Uranium Royalty (TSE:URC) Shares Down 2.5% – Here’s What Happened

Uranium Royalty Corp. (TSE:URC)’s share price dropped 2.5% during trading on Thursday . The stock traded as low as C$3.85 and last traded at C$3.86. Approximately 297,975 shares changed hands during trading, a decline of 26% from the average daily volume of 403,901 shares. The stock had previously closed at C$3.96.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded Uranium Royalty from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$5.75 to C$6.25 in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.88.

Uranium Royalty Stock Down 2.5%

The stock has a market capitalization of C$565.85 million, a P/E ratio of 96.50 and a beta of 0.73. The stock’s 50 day moving average price is C$4.84 and its 200-day moving average price is C$5.23.

Uranium Royalty (TSE:URC) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$16.63 million during the quarter. Uranium Royalty had a net margin of 8.03% and a return on equity of 1.35%.

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.