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

The Goldman Sachs Group downgraded shares of Paladin Energy (TSE:PDN) from a hold rating to a strong sell rating in a report released on Thursday,Zacks.com reports.

A number of other analysts also recently issued reports on PDN. UBS Group raised shares of Paladin Energy to a “hold” rating in a report on Wednesday, April 22nd. Canaccord Genuity Group raised shares of Paladin Energy to a “strong-buy” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Paladin Energy Trading Down 3.1%

Shares of TSE:PDN opened at C$10.18 on Thursday. Paladin Energy has a fifty-two week low of C$5.24 and a fifty-two week high of C$14.40. The stock has a 50-day simple moving average of C$11.45. The stock has a market cap of C$4.57 billion, a price-to-earnings ratio of -89.46 and a beta of -222.74.

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.