Paladin Energy (TSE:PDN) Upgraded to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Paladin Energy (TSE:PDN) from a strong sell rating to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.

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

Paladin Energy Trading Down 3.1%

TSE PDN opened at C$8.67 on Thursday. The firm’s 50 day simple moving average is C$10.27 and its 200 day simple moving average is C$10.53. The firm has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 716.53 and a beta of -241.15. Paladin Energy has a 1 year low of C$6.71 and a 1 year high of C$14.40.

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.