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

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

Several other research analysts also recently weighed in on PDN. Canaccord Genuity Group upgraded shares of Paladin Energy to a “strong-buy” rating in a research report on Monday, April 20th. UBS Group upgraded Paladin Energy to a “hold” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Paladin Energy has an average rating of “Hold”.

Paladin Energy Trading Down 3.1%

Shares of PDN opened at C$10.18 on Thursday. The stock has a market cap of C$4.57 billion, a P/E ratio of -89.46 and a beta of -222.74. Paladin Energy has a 12 month low of C$5.24 and a 12 month high of C$14.40. The company’s fifty day simple moving average is C$11.45.

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.