Bell Potter analyst Regan Burrows maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report) today and set a price target of A$1.12. The company’s shares closed yesterday at $0.52.
According to TipRanks, Burrows is ranked #3378 out of 8477 analysts.
Currently, the analyst consensus on Paladin Energy Ltd is a Strong Buy with an average price target of $0.73, implying a 40.38% upside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a A$1.10 price target.
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PALAF market cap is currently $1.62B and has a P/E ratio of -155.14.
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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.
