Uranium Participation (TSE:U) Downgraded by TD Securities to Hold

TD Securities cut shares of Uranium Participation (TSE:U) from a buy rating to a hold rating in a research note issued to investors on Monday morning, BayStreet.CA reports. TD Securities currently has C$5.00 price objective on the stock, down from their prior price objective of C$6.00.

U opened at C$4.32 on Monday. The business has a 50 day moving average of C$4.30. Uranium Participation has a 1 year low of C$3.99 and a 1 year high of C$5.14. The firm has a market capitalization of $618.51 million and a PE ratio of 9.17.

Uranium Participation (TSE:U) last released its earnings results on Wednesday, June 26th. The company reported C($0.49) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Uranium Participation will post 0.24 earnings per share for the current year.

Uranium Participation Company Profile

Uranium Participation Corporation operates as an investment holding company. The company invests its assets substantially in uranium oxide in concentrates (U3O8). U3O8 is primarily used as a fuel for nuclear power plants. Denison Mines, Inc operates as the manager of the company. Uranium Participation was founded in 2005 and is headquartered in Toronto, Canada.

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