Published on Wednesday January 22 2014 (AEST)
Equities researchers at TD Securities hoisted their price objective on shares of Paladin Energy (TSE:PDN) from C$0.60 to C$0.70 in a research report issued on Tuesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 16.67% from the stock’s previous close.
Paladin Energy (TSE:PDN) traded down 8.33% on Tuesday, hitting $0.55. The stock had a trading volume of 2,006,448 shares. Paladin Energy has a one year low of $0.375 and a one year high of $1.30. The stock has a 50-day moving average of $0.45 and a 200-day moving average of $0.54. The company’s market cap is $529.8 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of Paladin Energy from C$0.55 to C$0.60 in a research note to investors on Friday. They now have a “sector perform” rating on the stock.
Analysts at Raymond James reiterated a “market perform” rating on shares of Paladin Energy in a research note to investors on Wednesday, January 15th. They now have a C$0.50 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$1.07.
Paladin Energy Ltd (TSE:PDN) is a uranium production company with projects in Australia and two operating mines in Africa.
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