The Goldman Sachs Group upgraded shares of Paladin Energy (TSE:PDN – Free Report) to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.
Paladin Energy Stock Performance
Shares of PDN stock opened at C$8.60 on Wednesday. Paladin Energy has a 12 month low of C$3.34 and a 12 month high of C$9.15. The company has a market cap of C$3.86 billion, a price-to-earnings ratio of -67.82 and a beta of -175.01.
Paladin Energy Company Profile
Paladin Energy Ltd (TSE:PDN) is an Australia-headquartered company engaged in the uranium industry, with activities spanning exploration, development, mining and the sale of uranium concentrate to the global nuclear fuel market. The company focuses on advancing uranium projects through the full project lifecycle, from resource definition and permitting to production and product marketing, aiming to supply U3O8 to utilities and traders that fuel nuclear power generation.
Historically, Paladin’s most prominent assets have included the Langer Heinrich uranium mine in Namibia and the Kayelekera project in Malawi.
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