Uranium Participation (TSE:U) was upgraded by Scotiabank from an “underperform” rating to a “sector perform” rating in a report issued on Tuesday. The firm currently has a C$5.00 price objective on the stock, up from their prior price objective of C$3.50. Scotiabank’s target price indicates a potential upside of 12.61% from the stock’s previous close.
Separately, Royal Bank Of Canada decreased their price objective on shares of Uranium Participation from C$3.90 to C$3.70 and set a “sector perform” rating for the company in a research report on Wednesday, October 11th.
Shares of Uranium Participation (TSE:U) traded up C$0.27 during trading on Tuesday, hitting C$4.44. 712,452 shares of the company traded hands, compared to its average volume of 155,165. Uranium Participation has a 52-week low of C$3.47 and a 52-week high of C$4.73.
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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