Uranium Royalty (TSE:URC) Trading Down 5.6% – Time to Sell?

Uranium Royalty Corp. (TSE:URC)’s share price traded down 5.6% during mid-day trading on Thursday . The company traded as low as C$3.61 and last traded at C$3.68. Approximately 355,076 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 385,345 shares. The stock had previously closed at C$3.90.

Wall Street Analysts Forecast Growth

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

Uranium Royalty Price Performance

The firm has a market cap of C$576.11 million, a price-to-earnings ratio of 98.25 and a beta of 0.78. The business has a 50-day moving average of C$4.43 and a 200-day moving average of C$5.09.

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

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.