Paladin Energy Rally Seen Running Out of Steam -- Market Talk

Dow Jones
Apr 20

0149 GMT - Recent gains in Paladin Energy's share price prompt Macquarie to downgrade the stock to neutral from outperform. Its target rises a tad to A$13.55 from A$13.50. Shares are up 25% month to date and are now looking "onerous," according to the bank. "With FY27 consensus downgrade risks likely [and] potential downside risk to spot prices, we believe it is time for a pause," says Macquarie. Bannerman Energy and Deep Yellow are now the bank's preferred Australian uranium picks. Paladin shares are down 5.0% at A$13.81. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

April 19, 2026 21:49 ET (01:49 GMT)

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