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Investing.com - Raymond James downgraded Uranium Royalty (NASDAQ:UROY) stock rating from Outperform to Market Perform on Tuesday, while raising its price target to C$5.00 from C$4.50.
The downgrade comes despite Raymond James acknowledging Uranium Royalty’s position as the largest publicly traded, uranium-focused royalty company, offering investors diversified exposure to commodity prices while limiting downside risk.
Raymond James noted that Uranium Royalty’s business model provides limited exposure to operating and capital costs, while maintaining upside potential through exploration and asset expansion opportunities.
The firm highlighted that Uranium Royalty’s portfolio focuses on uranium assets with lower jurisdictional risk, longer duration, and is supported by strong operators.
Raymond James also pointed to the company’s high-margin business model, diversification, near-term growth profile, longer-term optionality, favorable jurisdictional risk, and strong balance sheet as factors that make it a lower-risk option for uranium exposure.
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