In a report released today, Mitch Ryan from Jefferies maintained a Buy rating on Paladin Energy Ltd (PALAD – Research Report), with a price target of A$17.50. The company’s shares closed yesterday at $9.54.
Ryan covers the Basic Materials sector, focusing on stocks such as Evolution Mining Limited, Northern Star Resources Ltd, and Sandfire Resources Limited. According to TipRanks, Ryan has an average return of 11.2% and a 67.31% success rate on recommended stocks.
Currently, the analyst consensus on Paladin Energy Ltd is a Strong Buy with an average price target of $10.34, an 8.39% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a A$17.45 price target.
The company has a one-year high of $11.00 and a one-year low of $3.20. Currently, Paladin Energy Ltd has an average volume of 65.57K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Paladin Energy Ltd (PALAD) 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.
