Paladin Energy (TSE:PDN) Downgraded to Strong Sell Rating by The Goldman Sachs Group

Paladin Energy (TSE:PDN) was downgraded by equities research analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. Canaccord Genuity Group raised shares of Paladin Energy to a “strong-buy” rating in a research report on Monday, April 20th. UBS Group raised shares of Paladin Energy to a “hold” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Paladin Energy currently has a consensus rating of “Hold”.

Paladin Energy Stock Down 3.1%

TSE PDN opened at C$10.18 on Thursday. The company has a market capitalization of C$4.57 billion, a price-to-earnings ratio of -89.46 and a beta of -222.74. The company’s 50 day moving average price is C$11.45. Paladin Energy has a twelve month low of C$5.24 and a twelve month 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.