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

Uranium Royalty Corp. (TSE:URC) 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.

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

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.