11:45:49 EDT Tue 23 Jul 2024
Enter Symbol
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Uranium Royalty Corp
Symbol URC
Shares Issued 100,957,551
Close 2023-09-27 C$ 4.00
Market Cap C$ 403,830,204
Recent Sedar Documents

Globe says Uranium Royalty kept at "speculative buy"

2023-09-27 08:34 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 27, edition that Canaccord analyst Katie Lachapelle has reaffirmed her "speculative buy" recommendation on Uranium Royalty. The Globe's David Leeder writes that Ms. Lachapelle share edged up by 26 cents to $6.26. Analysts on average target the units at $6.23. The Globe reports that the Canaccord stockpicker says she remains "fundamentally bullish" on the uranium market, believing it "remains in a structural deficit, and with secondary supplies on the decline and inventory levels near recent lows (or immobile)." In a report released Tuesday, she increased her demand forecast, expecting total nuclear capacity to grow at a annual growth rate of 3.6 per cent through 2030 and 3.2 per cent through 2035. She says in a note" This equates to a 30-per-cent increase in annual uranium demand through 2030 and 46 per cent through 2035. This growth is principally driven by new reactor builds in China/India but also supported by life extensions in the West. Conservatively, our forecast does not, at this point, include the deployment of small modular reactors." The Globe reported on Sept. 17, 2021, that Ms. Lachapelle rated Uranium Royalty "speculative buy." It was then worth $6.73.

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