Paladin Energy Receives Average Rating of “Hold” from Brokerages (TSE:PDN)
Shares of Paladin Energy (TSE:PDN) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$0.64.
PDN has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Paladin Energy in a research note on Friday. They now have a C$0.60 price target on the stock, down previously from C$0.65. Separately, analysts at Scotiabank cut their price target on shares of Paladin Energy from C$0.75 to C$0.65 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities reiterated a “hold” rating on shares of Paladin Energy in a research note on Friday. They now have a C$0.60 price target on the stock, down previously from C$0.65.
Shares of Paladin Energy (TSE:PDN) remained flat at $0.425 during trading on Monday. The stock had a trading volume of 714,765 shares. Paladin Energy has a 52 week low of $0.375 and a 52 week high of $1.07. The stock’s 50-day moving average is $0.45 and its 200-day moving average is $0.46. The company’s market cap is $469.9 million.
Paladin Energy Ltd (TSE:PDN) is a uranium production company with projects in Australia and two operating mines in Africa.
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