In a report released today, Hayden Bairstow from Macquarie maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report), with a price target of A$1.10. The company’s shares closed yesterday at $0.50.
According to TipRanks, Bairstow is a 5-star analyst with an average return of 11.7% and a 59.22% success rate. Bairstow covers the Basic Materials sector, focusing on stocks such as Sayona Mining, Mount Gibson Iron Limited, and Pilbara Minerals Limited.
Currently, the analyst consensus on Paladin Energy Ltd is a Moderate Buy with an average price target of $0.77.
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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 297.2K.
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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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