Paladin Energy (TSE:PDN) Upgraded to Moderate Buy at Royal Bank Of Canada

Paladin Energy (TSE:PDN) was upgraded by equities research analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on PDN. Canaccord Genuity Group raised shares of Paladin Energy to a “strong-buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group downgraded shares of Paladin Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 18th. Finally, UBS Group upgraded shares of Paladin Energy to a “hold” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Paladin Energy Stock Performance

TSE PDN opened at C$9.43 on Tuesday. Paladin Energy has a 1 year low of C$5.24 and a 1 year high of C$14.40. The firm has a market cap of C$4.24 billion, a P/E ratio of -82.86 and a beta of -222.74. The business’s 50-day moving average is C$10.92.

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.