Uranium Royalty Corp: Strategic Moves and Market Dynamics Drive Buy Rating
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Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating for Uranium Royalty Corp with a price target of $4.50. The positive outlook is due to the company's strategic moves, strong financial performance, and favorable uranium market dynamics. The company reported a profitable quarter and liquidated its investment in the Sprott Physical Uranium Trust, enhancing liquidity for future acquisitions. Global energy needs and U.S. nuclear investments support uranium demand, contributing to the Buy rating.
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