Uranium Participation Corp (U) Rating Lowered to Sector Perform at Royal Bank Of Canada
Uranium Participation Corp (TSE:U) was downgraded by investment analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday, StockTargetPrices.com reports. They presently have a C$4.50 target price on the stock, down from their previous target price of C$5.00. Royal Bank Of Canada’s target price would indicate a potential upside of 11.11% from the stock’s previous close.
Separately, Dundee Securities reissued a “buy” rating and issued a C$5.20 price target on shares of Uranium Participation Corp in a research note on Monday, August 8th.
Shares of Uranium Participation Corp (TSE:U) traded down 1.98% during midday trading on Monday, reaching $3.97. 178,366 shares of the company’s stock traded hands. The stock’s market capitalization is $459.12 million. Uranium Participation Corp has a 1-year low of $3.68 and a 1-year high of $5.51. The firm’s 50-day moving average price is $3.98 and its 200 day moving average price is $4.19.
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About Uranium Participation Corp
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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