Paladin Energy (TSE:PDN) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a C$0.80 price objective on the stock, down from their previous price objective of C$1.20. BMO Capital Markets’ target price indicates a potential upside of 11.11% from the company’s current price.
Separately, analysts at TD Securities initiated coverage on shares of Paladin Energy in a research note to investors on Thursday, July 11th. They set a “hold” rating and a C$1.15 price target on the stock.
Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Paladin Energy currently has an average rating of “Buy” and a consensus target price of C$1.85.
Shares of Paladin Energy (TSE:PDN) traded down 21.74% during mid-day trading on Friday, hitting $0.72. Paladin Energy has a 52 week low of $0.65 and a 52 week high of $1.52. The stock’s 50-day moving average is currently $0.92. The company’s market cap is $602.7 million.
Paladin Energy Ltd (TSE:PDN) is a uranium production company with projects in Australia and two operating mines in Africa.
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