Macquarie analyst Hayden Bairstow maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report) today and set a price target of A$1.10. The company’s shares closed yesterday at $0.54.
Bairstow covers the Basic Materials sector, focusing on stocks such as Sayona Mining, Mount Gibson Iron Limited, and Piedmont Lithium. According to TipRanks, Bairstow has an average return of 3.1% and a 44.87% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paladin Energy Ltd with a $0.73 average price target.
See the top stocks recommended by analysts >>
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 326.2K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
