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Paladin Energy Limited Receives “Outperform” Rating from Raymond James (PDN)

Posted by John Perry on Jul 30th, 2013

Paladin Energy Limited (ASX:PDN)‘s stock had its “outperform” rating restated by research analysts at Raymond James in a report released on Monday, AnalystRatingsNetwork reports. They currently have a A$1.50 ($1.39) price target on the stock, down from their previous price target of A$1.60 ($1.48).

Other equities research analysts have also recently issued reports about the stock. Analysts at TD Securities initiated coverage on shares of Paladin Energy Limited in a research note to investors on Thursday, July 11th. They set a “hold” rating and a A$1.15 ($1.06) price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Paladin Energy Limited to A$1.80 ($1.67) in a research note to investors on Wednesday, June 26th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Paladin Energy Limited from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, May 16th.

Paladin Energy Limited (ASX: PDN) traded up 4.84% on Monday, hitting A$0.975. Paladin Energy Limited has a 1-year low of A$0.700 and a 1-year high of A$1.500. The stock’s 50-day moving average is currently A$0.96. The company’s market cap is A$816.2 million.