In a new note to investors on November 16, an analyst has provided a rating update for Uranium Participate (U). TD Securities’ analyst Craig Hutchison reiterates their Buy rating on the shares, with a C$6 price target.
Hutchison has an average return of 7.9% when recommending Uranium Participate.
According to TipRanks.com, Hutchison is ranked #630 out of 4897 analysts.
Currently, the analyst consensus on Uranium Participate is a Moderate Buy with an average price target of C$5.38.
Based on Uranium Participate’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of C$86.58 million. In comparison, last year the company had a GAAP net loss of C$18.55 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 Monday at C$4.99, close to its 52-week high of C$5.09.
