Paladin Energy (TSE:PDN) Stock Rating Upgraded by The Goldman Sachs Group

Paladin Energy (TSE:PDN) was upgraded by investment analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Separately, Royal Bank Of Canada upgraded Paladin Energy from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Paladin Energy Stock Performance

PDN opened at C$8.67 on Thursday. The company has a fifty day moving average price of C$10.27 and a two-hundred day moving average price of C$10.53. The firm has a market capitalization of C$3.90 billion, a PE ratio of 716.53 and a beta of -241.15. Paladin Energy has a 52 week low of C$6.71 and a 52 week high of C$14.40.

Paladin Energy Company Profile

Paladin Energy Ltd (TSE:PDN) is an Australia-headquartered company engaged in the uranium industry, with activities spanning exploration, development, mining and the sale of uranium concentrate to the global nuclear fuel market. The company focuses on advancing uranium projects through the full project lifecycle, from resource definition and permitting to production and product marketing, aiming to supply U3O8 to utilities and traders that fuel nuclear power generation.

Historically, Paladin’s most prominent assets have included the Langer Heinrich uranium mine in Namibia and the Kayelekera project in Malawi.