Paladin Energy (OTCMKTS:PALAF) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of Paladin Energy (OTCMKTS:PALAF) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

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

Paladin Energy Stock Up 3.3 %

PALAF stock opened at $3.00 on Monday. The stock’s 50 day simple moving average is $4.00 and its 200 day simple moving average is $5.25. Paladin Energy has a 12-month low of $2.33 and a 12-month high of $14.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.02 and a quick ratio of 1.50.

Paladin Energy Company Profile

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.