In a report released on March 1, Chris Drew from Jefferies maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report), with a price target of A$1.60. The company’s shares closed last Friday at $0.80.
Drew covers the Energy sector, focusing on stocks such as Whitehaven Coal Limited, New Hope Corporation Limited, and Deep Yellow Limited. According to TipRanks, Drew has an average return of 4.1% and a 42.86% 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 $0.98 average price target, which is a 22.50% upside from current levels. In a report released on February 25, Macquarie also maintained a Buy rating on the stock with a A$1.50 price target.
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The company has a one-year high of $0.98 and a one-year low of $0.32. Currently, Paladin Energy Ltd has an average volume of 626.7K.
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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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