Uranium Royalty (TSE:URC) Trading 14.7% Higher – Still a Buy?

Uranium Royalty Corp. (TSE:URC)’s stock price rose 14.7% during trading on Thursday . The company traded as high as C$3.76 and last traded at C$3.74. Approximately 416,358 shares changed hands during trading, an increase of 92% from the average daily volume of 217,375 shares. The stock had previously closed at C$3.26.

Wall Street Analyst Weigh In

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

Uranium Royalty Stock Performance

The stock has a market capitalization of C$437.40 million, a P/E ratio of 51.43 and a beta of 1.69. The stock has a 50-day moving average price of C$3.69 and a two-hundred day moving average price of C$3.35.

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

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.