Paladin Energy (OTCMKTS:PALAF) Upgraded to Hold at Royal Bank of Canada

Paladin Energy (OTCMKTS:PALAF) was upgraded by research analysts at Royal Bank of Canada to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Jefferies Financial Group cut shares of Paladin Energy to a “hold” rating in a report on Wednesday, March 26th. UBS Group lowered Paladin Energy from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 25th.

Paladin Energy Stock Performance

PALAF stock opened at $2.95 on Monday. The firm has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $5.23. The company has a current ratio of 4.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. Paladin Energy has a 1-year low of $2.33 and a 1-year high of $14.48.

About Paladin Energy

Paladin Energy Ltd develops, explores for, owns, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the Namib Desert in Namibia. The company was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in November 2007.