The Materials sector company, UrtheCast (TSX: UR), has received a rating update from a Wall Street analyst today. Analyst Noel Atkinson from Clarus rated UrtheCast (TSX: UR) a Buy, setting a C$1 price target.
Atkinson wrote:
“We also understand that the senior debt does have an allocation that will be used to cover some associated out-of-pocket R&D and engineering costs for UrtheDaily.”
According to TipRanks.com, Atkinson is ranked #78 out of 4800 analysts.
UrtheCast has an analyst consensus of Moderate Buy, with a price target consensus of C$0.35.
The company has a one-year high of C$1.64 and a one-year low of C$0.27. Currently, UrtheCast has an average volume of 706.9K.
UrtheCast Corp. provides high-definition videos of planet earth. The company operates four Earth observation sensors in space, including two cameras aboard the International Space Station and two satellites, Deimos-1 and Deimos-2. It is also developing and anticipates launching fully-integrated constellation of multispectral optical and SAR satellites.
The company’s shares closed on Wednesday at C$0.28, close to its 52-week low of C$0.27.
