UBS Group Upgrades Paladin Energy (TSE:PDN) to Hold

Paladin Energy (TSE:PDN) was upgraded by investment analysts at UBS Group to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group raised shares of Paladin Energy to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Paladin Energy presently has an average rating of “Moderate Buy”.

Paladin Energy Stock Performance

Shares of PDN stock opened at C$12.45 on Wednesday. The firm’s 50-day moving average price is C$11.89. The firm has a market cap of C$5.59 billion, a PE ratio of -109.40 and a beta of -172.38. Paladin Energy has a twelve month low of C$4.80 and a twelve month 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.