Uranium Royalty (TSE:URC) Trading 1.6% Higher – Here’s What Happened

Uranium Royalty Corp. (TSE:URC) shares shot up 1.6% during mid-day trading on Tuesday . The company traded as high as C$2.64 and last traded at C$2.60. 110,760 shares were traded during mid-day trading, a decline of 42% from the average session volume of 192,406 shares. The stock had previously closed at C$2.56.

Analysts Set New Price Targets

A number of research firms have weighed in on URC. Raymond James set a C$4.50 price objective on shares of Uranium Royalty and gave the company an “outperform” rating in a research note on Friday, February 7th. National Bankshares set a C$4.25 price objective on Uranium Royalty and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. Finally, National Bank Financial raised Uranium Royalty to a “hold” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.08.

Uranium Royalty Price Performance

The stock’s 50 day simple moving average is C$2.96 and its two-hundred day simple moving average is C$3.30. The stock has a market capitalization of C$331.33 million, a PE ratio of 46.50 and a beta of 1.69.

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.