Paladin Energy (TSE:PDN) Upgraded by Canaccord Genuity Group to Strong-Buy Rating

Canaccord Genuity Group upgraded shares of Paladin Energy (TSE:PDN) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Paladin Energy Stock Up 1.4%

TSE:PDN opened at C$13.01 on Monday. The firm has a market capitalization of C$5.85 billion, a P/E ratio of -114.32 and a beta of -172.38. Paladin Energy has a one year low of C$4.23 and a one year high of C$14.40. The stock has a 50-day moving average price of C$11.86.

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.