In a report released today, Paul McTaggart from Citi maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report), with a price target of A$1.45. The company’s shares closed yesterday at $0.81.
McTaggart covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Iluka Resources Limited, and Rio Tinto Limited. According to TipRanks, McTaggart has an average return of 12.4% and a 55.82% success rate on recommended stocks.
Currently, the analyst consensus on Paladin Energy Ltd is a Strong Buy with an average price target of $0.98, which is a 20.62% upside from current levels. In a report released on March 16, Macquarie also maintained a Buy rating on the stock with a A$1.50 price target.
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PALAF market cap is currently $2.36B and has a P/E ratio of 41.94.
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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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