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Sign InRaymond James Financial has upgraded Uranium Royalty Corp (TSE:URC) from 'Market Perform' to 'Outperform', raising its price target to C$6.25, which implies a potential upside of 26.5%. The upgrade follows a robust Q1 performance where the company reported revenue of C$16.63 million and an EPS of C$0.02. Institutional interest has surged significantly, highlighted by CenterBook Partners increasing its stake by 828.7%. Currently, the stock maintains a consensus 'Moderate Buy' rating with an average price target of $4.50. This rating adjustment reflects growing confidence in the uranium royalty business model amid a broader sector recovery. Analysts believe the combination of institutional accumulation and solid financial growth positions the stock for significant potential upside in the near term.