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

Royal Bank Of Canada upgraded shares of Paladin Energy (TSE:PDN) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

Paladin Energy Price Performance

Shares of Paladin Energy stock opened at C$9.43 on Tuesday. The firm has a market cap of C$4.24 billion, a PE ratio of -82.86 and a beta of -222.74. The stock’s 50-day moving average price is C$10.92. Paladin Energy has a 12-month low of C$5.24 and a 12-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.