Canaccord Genuity Group Cuts Uranium Royalty (TSE:URC) Price Target to C$6.50

Uranium Royalty (TSE:URC) had its price objective decreased by Canaccord Genuity Group from C$6.75 to C$6.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Uranium Royalty Stock Performance

Shares of URC stock opened at C$3.35 on Tuesday. The firm has a market capitalization of C$407.03 million, a price-to-earnings ratio of 47.86 and a beta of 1.68. 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 one year low of C$2.53 and a one year high of C$5.05.

Uranium Royalty (TSE:URC) last announced its quarterly earnings results 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.