Canaccord Genuity analyst James Bullen maintained a Buy rating on Paladin Energy Ltd (PALAF – Research Report) today and set a price target of A$1.55. The company’s shares closed yesterday at $0.99.
Bullen covers the Energy sector, focusing on stocks such as Deep Yellow Limited, Beach Energy Limited, and Paladin Energy Ltd. According to TipRanks, Bullen has an average return of 16.8% and a 59.63% success rate on recommended stocks.
Currently, the analyst consensus on Paladin Energy Ltd is a Strong Buy with an average price target of $1.03, which is a 4.57% upside from current levels. In a report released on April 6, Morgan Stanley also initiated coverage with a Buy rating on the stock with a A$1.75 price target.
The company has a one-year high of $1.07 and a one-year low of $0.32. Currently, Paladin Energy Ltd has an average volume of 799.2K.
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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.
