Uranium Royalty (TSE:URC) Trading 0.5% Higher - Should You Buy?

Shares of Uranium Royalty Corp. (TSE:URC - Get Free Report) shot up 0.5% during trading on Wednesday . The stock traded as high as C$4.11 and last traded at C$4.02. 101,595 shares changed hands during trading, a decline of 52% from the average session volume of 212,527 shares. The stock had previously closed at C$4.00.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on URC. B. Riley upgraded Uranium Royalty to a "strong-buy" rating in a report on Sunday, October 6th. Canaccord Genuity Group dropped their price target on Uranium Royalty from C$6.75 to C$6.50 and set a "speculative buy" rating on the stock in a research report on Tuesday, September 24th.

Uranium Royalty Stock Performance

The stock has a market cap of C$467.78 million, a price-to-earnings ratio of 55.00 and a beta of 1.69. The company has a 50-day simple moving average of C$3.36 and a two-hundred day simple moving average of C$3.31.

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

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.