Paladin Energy (TSE:PDN) Stock Bumped Up to Hold by The Goldman Sachs Group

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

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

Paladin Energy Stock Performance

TSE:PDN opened at C$8.67 on Thursday. Paladin Energy has a 52-week low of C$6.71 and a 52-week high of C$14.40. The company has a market cap of C$3.90 billion, a P/E ratio of 716.53 and a beta of -241.15. The stock’s 50-day simple moving average is C$10.27 and its 200 day simple moving average is C$10.53.

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.