Paladin Energy's Share Price Rally Lures New Bear -- Market Talk

Dow Jones
10/15
 

2149 GMT - Paladin Energy's 1Q result was decent but Ord Minnett can't justify sticking with a "hold" call on the uranium miner's stock. "We believe Paladin's +100% share price rally over the past 6 months has outpaced its fundamentals," analyst Matthew Hope says. Paladin dug up a record 1.07 million lb of U308, a common compound of uranium, in 1Q. Ord Minnett says quarterly unit costs of US$41.6/lb were impressive. "Sales volumes were the only blemish at 533,000 lb," given they missed consensus forecasts of 908,000 lb in a big way, the bank says. Ord Minnett cuts its target price by 1.3%, to A$7.50/share, driven by 3%-5% reductions in forecasts for FY 2026/27 spot and term U3O8 prices. Paladin ended Tuesday at A$9.62. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

October 14, 2025 17:49 ET (21:49 GMT)

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