Paladin Energy Limited Rating Lowered to Sector Perform at RBC Capital (PDN)
Paladin Energy Limited (ASX:PDN) was downgraded by investment analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a A$0.80 ($0.75) price objective on the stock.
Shares of Paladin Energy Limited (ASX:PDN) traded up 10.42% during mid-day trading on Wednesday, hitting A$0.530. 11,000 shares of the company’s stock traded hands. Paladin Energy Limited has a 52-week low of A$0.470 and a 52-week high of A$1.330. The stock has a 50-day moving average of A$0.56 and a 200-day moving average of A$0.82. The company’s market cap is A$443.7 million.
A number of other analysts have also recently weighed in on PDN. Analysts at TD Securities cut their price target on shares of Paladin Energy Limited (ASX:PDN) from A$0.90 ($0.84) to A$0.65 ($0.61) in a research note to investors on Friday, August 30th. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Paladin Energy Limited (ASX:PDN) from A$0.80 ($0.75) to A$0.60 ($0.56) in a research note to investors on Friday, August 30th. Finally, analysts at Raymond James downgraded shares of Paladin Energy Limited (ASX:PDN) from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Paladin Energy Limited currently has a consensus rating of “Hold” and an average target price of A$0.96 ($0.90).
Paladin Energy Ltd (ASX:PDN) is a uranium production company with projects in Australia and two operating mines in Africa.
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