Mackie Downgrades North American Palladium to Hold (PDL)
North American Palladium (TSE:PDL) was downgraded by stock analysts at Mackie from a “speculative buy” rating to a “hold” rating in a report issued on Monday, American Banking & Market News reports.
Shares of North American Palladium (TSE:PDL) remained flat at $0.445 during during mid-day trading trading on Monday. 1,849,532 shares of the company’s stock traded hands. North American Palladium has a one year low of $0.395 and a one year high of $1.97. The stock’s 50-day moving average is $0.66 and its 200-day moving average is $0.87. The company’s market cap is $87.7 million.
A number of other firms have also recently commented on PDL. Analysts at Raymond James downgraded shares of North American Palladium from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, January 13th. They now have a C$0.50 price target on the stock, down previously from C$1.40. Separately, analysts at CIBC raised their price target on shares of North American Palladium from C$0.40 to C$0.50 in a research note to investors on Wednesday, January 8th. Finally, analysts at CIBC reiterated a “sector underperform” rating on shares of North American Palladium in a research note to investors on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of C$0.73.
North American Palladium Ltd. (TSE:PDL) is a precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada.
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