Royal Bank of Canada Raises Uranium Participation (U) Price Target to C$4.00
Uranium Participation (TSE:U) had its target price raised by equities research analysts at Royal Bank of Canada from C$3.70 to C$4.00 in a report released on Friday. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 3.36% from the stock’s current price.
A number of other research firms have also recently issued reports on U. TD Securities lifted their price target on shares of Uranium Participation from C$4.00 to C$4.50 and gave the company a “hold” rating in a research note on Tuesday, December 5th. Scotiabank raised shares of Uranium Participation from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$3.50 to C$5.00 in a research note on Tuesday, December 5th.
Uranium Participation (TSE U) opened at C$3.87 on Friday. The firm has a market cap of $512.58, a P/E ratio of 9.44 and a beta of 0.23. Uranium Participation has a 1-year low of C$3.47 and a 1-year 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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