Scotiabank Maintains a Sell Rating on Uranium Participate

By Austin Angelo

Wall Street analyst has provided a review for the Financial company yesterday, but retained the same rating on the stock. Uranium Participate (TSX: U) received a Sell rating from Scotiabank’s analyst Orest Wowkodaw, with a C$3.50 price target.

According to TipRanks.com, Wowkodaw is a top 100 analyst with an average return of 34.3% and a 73.7% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.

Uranium Participate has an analyst consensus of Moderate Sell, with a price target consensus of C$3.82.

Based on Uranium Participate’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of C$8,000 and GAAP net loss of C$18.55 million. In comparison, last year the company earned revenue of C$14K and had a GAAP net loss of C$37.23 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$3.94.