Paladin's Equity Raise Takes Advantage of Share-Price Rally -- Market Talk

Dow Jones
2025/09/17
 

2234 GMT - Paladin Energy's A$300 million equity raising looks opportunistic to Ord Minnett as the uranium miner capitalizes on a strong share price. Paladin aims to use the proceeds to advance the Patterson Lake South uranium project in the Athabasca Basin of Canada's Saskatchewan province. "The raise was prudent as cash would not have met the new Patterson Lake South spend for engineering," analyst Matthew Hope says. Ord Minnett downgrades Paladin to "hold," from "accumulate," noting the stock has rallied about 20% since late August and now looks fully valued. Its price target falls 1.3%, to A$7.60/share. Paladin was at A$7.88 prior to entering a trading halt for the raising to take place. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

September 16, 2025 18:34 ET (22:34 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10