In a report released today, Paul McTaggart from Citi maintained a Buy rating on Paladin Energy Ltd (PALAD – Research Report), with a price target of A$14.50. The company’s shares closed last Friday at $9.04.
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 12.5% and a 58.37% success rate on recommended stocks.
Paladin Energy Ltd has an analyst consensus of Strong Buy, with a price target consensus of $10.30, which is a 13.94% upside from current levels. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$15.00 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 64.5K.
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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.
