Uranium Royalty (TSE:URC) Price Target Cut to C$6.50 by Analysts at Canaccord Genuity Group

Uranium Royalty (TSE:URC) had its price objective decreased by Canaccord Genuity Group from C$6.75 to C$6.50 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 93.45% from the stock’s previous close.

Uranium Royalty Stock Up 2.4 %

TSE URC traded up C$0.08 on Tuesday, hitting C$3.36. 156,975 shares of the stock were exchanged, compared to its average volume of 202,035. The company has a 50-day moving average price of C$3.00 and a 200-day moving average price of C$3.24. Uranium Royalty has a fifty-two week low of C$2.53 and a fifty-two week high of C$5.05. The company has a market cap of C$408.24 million, a PE ratio of 48.00 and a beta of 1.68.

Uranium Royalty (TSE:URC) last released its quarterly earnings data on Thursday, September 12th. The company reported C($0.02) EPS for the quarter. Uranium Royalty had a return on equity of 3.83% and a net margin of 20.29%.

Uranium Royalty Company Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.