Paladin Energy (TSE:PDN) Rating Increased to Hold at UBS Group

UBS Group upgraded shares of Paladin Energy (TSE:PDN) to a hold rating in a report released on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group upgraded Paladin Energy to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Paladin Energy Stock Down 4.3%

PDN opened at C$12.45 on Wednesday. Paladin Energy has a one year low of C$4.80 and a one year high of C$14.40. The firm has a market capitalization of C$5.59 billion, a PE ratio of -109.40 and a beta of -172.38. The firm has a 50 day simple moving average of C$11.89.

About Paladin Energy

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.