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Analysts Offer Insights on Energy Companies: Paladin Energy Ltd (OtherPALAF) and Denison Mines (DNN)

Tipranks - Thu May 14, 11:40PM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Paladin Energy Ltd (PALAF) and Denison Mines (DNN).

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Paladin Energy Ltd (PALAF)

In a report released today, Matthew Hope from Ord Minnett maintained a Sell rating on Paladin Energy Ltd, with a price target of A$9.50. The company’s shares closed last Wednesday at $8.08.

According to TipRanks.com, Hope is a 5-star analyst with an average return of 33.5% and a 64.2% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Northern Minerals Limited, Iluka Resources Limited, and Lynas Rare Earths. ;'>

Paladin Energy Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $9.91.

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Denison Mines (DNN)

In a report issued on May 12, Joseph Reagor from Roth MKM maintained a Buy rating on Denison Mines, with a price target of $4.25. The company’s shares closed last Wednesday at $3.59.

According to TipRanks.com, Reagor is a 5-star analyst with an average return of 31.0% and a 56.6% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Anglogold Ashanti PLC, Hecla Mining Company, and Avino Silver & Gold. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Denison Mines with a $4.62 average price target.

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