Investment firm H.C. Wainwright has revised its price target for Uranium Royalty Corp. (UROY, Financial), lowering it from $7.70 to $4.50, while maintaining a Buy rating. The decision to cut the target follows an assessment of the current market conditions affecting uranium pricing.
This adjustment reflects broader challenges in the uranium market, influencing the firm's outlook on UROY's financial performance. Despite the reduced price target, the Buy rating indicates that H.C. Wainwright still sees potential upside for the stock within the adjusted projections.
