Canaccord Genuity analyst James Bullen maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report) on June 29 and set a price target of A$1.15. The company’s shares closed today at $0.48.
According to TipRanks, Bullen is an analyst with an average return of -5.2% and a 37.14% success rate. Bullen covers the Energy sector, focusing on stocks such as Paladin Energy Ltd, Beach Energy Limited, and Cooper Energy Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paladin Energy Ltd with a $0.79 average price target, representing a 64.41% upside. In a report released on June 29, Macquarie also maintained a Buy rating on the stock with a A$1.10 price target.
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The company has a one-year high of $0.69 and a one-year low of $0.32. Currently, Paladin Energy Ltd has an average volume of 263.1K.
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Paladin Energy Ltd is engaged in the production of uranium, and it operates through its various projects that are located in Australia and Africa. The operating segments of the group are Exploration, Namibia, and Australia. The segment activity in Namibia and Malawi is the production and sale of uranium from the mines located in these geographic regions. The projects of the company include Langer Heinrich Mine, Kayelekera, Mount Isa, Michelin, and Manyingee among others. The group has business operations in Australia and internationally.
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