Uranium Royalty (TSE:URC) Trading 1.6% Higher – Time to Buy?

Shares of Uranium Royalty Corp. (TSE:URC) traded up 1.6% during trading on Thursday . The company traded as high as C$3.80 and last traded at C$3.77. 232,506 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 215,392 shares. The stock had previously closed at C$3.71.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Canaccord Genuity Group decreased their target price on Uranium Royalty from C$6.75 to C$6.50 and set a “speculative buy” rating for the company in a research note on Tuesday, September 24th. B. Riley upgraded Uranium Royalty to a “strong-buy” rating in a research note on Sunday, October 6th.

Uranium Royalty Stock Up 1.6 %

The company has a 50-day moving average price of C$3.61 and a 200-day moving average price of C$3.36. The firm has a market capitalization of C$458.06 million, a price-to-earnings ratio of 53.86 and a beta of 1.69.

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

About Uranium Royalty

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.