Uranium Participation (U) Stock Rating Upgraded by Scotiabank
Uranium Participation (TSE:U) was upgraded by analysts at Scotiabank from an “underperform” rating to a “sector perform” rating in a report issued on Tuesday. The brokerage currently has a C$5.00 price target on the stock, up from their previous price target of C$3.50. Scotiabank’s target price indicates a potential upside of 12.61% from the company’s previous close.
Separately, Royal Bank Of Canada lowered their target price on Uranium Participation from C$3.90 to C$3.70 and set a “sector perform” rating for the company in a research note on Wednesday, October 11th.
Shares of Uranium Participation (TSE U) traded up C$0.27 during trading hours on Tuesday, reaching C$4.44. The company’s stock had a trading volume of 712,452 shares, compared to its average volume of 155,165. Uranium Participation has a 12 month low of C$3.47 and a 12 month high of C$4.73.
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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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