Paladin Energy (TSE:PDN) Stock Rating Upgraded by UBS Group

Paladin Energy (TSE:PDN) was upgraded by equities researchers at UBS Group to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group upgraded Paladin Energy to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Paladin Energy Stock Performance

TSE:PDN opened at C$12.45 on Wednesday. The stock has a market capitalization of C$5.59 billion, a P/E ratio of -109.40 and a beta of -172.38. The stock’s 50 day moving average is C$11.89. Paladin Energy has a fifty-two week low of C$4.80 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.