Paladin Energy (TSE:PDN) Stock Rating Upgraded by Royal Bank Of Canada

Paladin Energy (TSE:PDN) was upgraded by investment analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. UBS Group upgraded shares of Paladin Energy to a “hold” rating in a research report on Wednesday, April 22nd. Canaccord Genuity Group upgraded shares of Paladin Energy to a “strong-buy” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group cut shares of Paladin Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Paladin Energy Stock Performance

Shares of Paladin Energy stock opened at C$9.43 on Tuesday. The firm has a market capitalization of C$4.24 billion, a price-to-earnings ratio of -82.86 and a beta of -222.74. The company has a fifty day moving average price of C$10.92. Paladin Energy has a fifty-two week low of C$5.24 and a fifty-two week 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.