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$1.30. The company’s shares closed yesterday at $0.71.
Bairstow covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Piedmont Lithium, and Mineral Resources Limited. According to TipRanks, Bairstow has an average return of 0.0% and a 41.06% 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 $0.80 average price target, which is a 12.68% upside from current levels. In a report released on September 26, Jefferies also maintained a Buy rating on the stock with a A$1.40 price target.
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PALAF market cap is currently $2.09B and has a P/E ratio of -197.43.
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Paladin Energy Ltd (PALAF) Company Description:
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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