Raymond James Believes Uranium Participate (U) Won’t Stop Here


A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Raymond James’ analyst Brian MacArthur reiterates their Buy rating on the shares of Uranium Participate (U), with a C$5.75 price target.

According to TipRanks.com, MacArthur is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.3% and a 41.3% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.

Currently, the analyst consensus on Uranium Participate is a Moderate Buy with an average price target of C$5.75.

Based on Uranium Participate’s latest earnings release for the quarter ending November 30, the company reported a quarterly net profit of C$78.65 million. In comparison, last year the company had a net profit of C$52.56 million.

Uranium Participation Corp. engages in investment activities with interests in uranium, with the primary objective of achieving appreciation in the value of its uranium holdings. The company was founded on March 15, 2005 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$4.89, close to its 52-week high of C$5.09.

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