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

Uranium Royalty Corp. (TSE:URC) shares fell 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.

Analysts Set New Price Targets

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

Uranium Royalty Price Performance

The firm’s 50 day simple moving average is C$4.46 and its 200-day simple moving average is C$5.10. The company has a market cap of C$539.46 million, a price-to-earnings ratio of 92.00 and a beta of 0.78.

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

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.