Uranium Participation Corp (U) Cut to “Sector Perform” at RBC Capital Markets
Uranium Participation Corp (TSE:U) was downgraded by research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday. They presently have a C$4.50 price objective on the stock, down from their prior price objective of C$5.50. RBC Capital Markets’ target price points to a potential upside of 11.11% from the stock’s current price.
U has been the subject of several other reports. Dundee Securities reaffirmed a “buy” rating and set a C$5.20 target price on shares of Uranium Participation Corp in a research report on Monday, August 8th. Royal Bank Of Canada lowered Uranium Participation Corp from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$5.00 to C$4.50 in a research report on Monday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of C$5.27.
Shares of Uranium Participation Corp (TSE:U) traded down 2.593% during midday trading on Monday, hitting $3.945. 220,129 shares of the stock were exchanged. The firm’s market capitalization is $456.23 million. Uranium Participation Corp has a 1-year low of $3.68 and a 1-year high of $5.51. The stock’s 50-day moving average price is $3.98 and its 200-day moving average price is $4.19.
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Uranium Participation Corp Company Profile
Uranium Participation Corporation invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively uranium), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price.
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