Paladin Energy Rating Lowered to Underperform at CSFB (PDN)
Paladin Energy (TSE:PDN) was downgraded by CSFB from a “neutral” rating to an “underperform” rating in a research note issued on Monday, Analyst RN reports. They currently have a C$0.50 target price on the stock, down from their previous target price of C$0.75. CSFB’s price objective indicates a potential upside of 7.53% from the company’s current price.
Paladin Energy (TSE:PDN) traded down 1.08% on Monday, hitting $0.46. 816,865 shares of the company’s stock traded hands. Paladin Energy has a 52-week low of $0.46 and a 52-week high of $1.34. The stock’s 50-day moving average is $0.63 and its 200-day moving average is $0.87. The company’s market cap is $385.1 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities cut their price target on shares of Paladin Energy from C$0.90 to C$0.65 in a research note to investors on Friday, August 30th. They now have a “hold” rating on the stock. Finally, analysts at Raymond James downgraded shares of Paladin Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$1.59.
Paladin Energy Ltd (TSE:PDN) is a uranium production company with projects in Australia and two operating mines in Africa.
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