Paladin Energy Production Outlook Softens; Loses Bull -- Market Talk

Dow Jones
Apr 20

0123 GMT - Paladin Energy's FY27 production outlook now appears weaker than market forecasts, according to Jefferies. The uranium miner's recent FY 2026 production-guidance upgrade was largely anticipated following stronger-than-expected execution to date, says the bank. However, guidance implies an 18% on-quarter drop in 4Q output, reflecting depletion of the MG3 medium-grade stockpile, Jefferies says. As a result, the bank lowers its FY 2027 production forecast to 5.4 million pounds from 5.75 million pounds. Visible Alpha consensus sits at 5.67 million pounds. Jefferies downgrades the stock to hold from buy, citing its valuation. It reiterates its A$14.00 target. Shares are down 4.5% at A$13.88. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

April 19, 2026 21:23 ET (01:23 GMT)

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