Paladin Energy Limited Rating Lowered to Sector Perform at RBC Capital (PDN)
Paladin Energy Limited (ASX:PDN) was downgraded by equities researchers at RBC Capital from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday, Stock Ratings News reports. They currently have a A$0.80 ($0.75) price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of Paladin Energy Limited from A$0.75 ($0.71) to A$0.50 ($0.47) in a research note to investors on Monday. They now have an “underperform” rating on the stock. Separately, analysts at TD Securities cut their price target on shares of Paladin Energy Limited from A$0.90 ($0.85) 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. Finally, analysts at BMO Capital Markets cut their price target on shares of Paladin Energy Limited from A$0.80 ($0.75) to A$0.60 ($0.57) in a research note to investors on Friday, August 30th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Paladin Energy Limited currently has a consensus rating of “Hold” and an average target price of A$0.64 ($0.60).
Shares of Paladin Energy Limited (ASX:PDN) traded down 1.15% during mid-day trading on Thursday, hitting A$0.430. The stock had a trading volume of 17,239,748 shares. Paladin Energy Limited has a 52 week low of A$0.700 and a 52 week high of A$1.500. The stock’s 50-day moving average is A$0.67 and its 200-day moving average is A$0.87. The company’s market cap is A$360.0 million.
Paladin Energy Ltd (ASX:PDN) is a uranium production company with projects in Australia and two operating mines in Africa.
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