Paladin Energy Ltd (PALAF) Gets a Sell from J.P. Morgan
J.P. Morgan analyst Lyndon Fagan maintained a Sell rating on Paladin Energy Ltd yesterday and set a price target of A$9.40.
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According to TipRanks, Fagan is a 5-star analyst with an average return of 9.6% and a 63.00% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as Liontown Resources Limited, Pilbara Minerals , and Sandfire Resources Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paladin Energy Ltd with a A$13.16 average price target.
Based on Paladin Energy Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$100.42 million and a GAAP net loss of A$40.07 million. In comparison, last year the company had a GAAP net loss of A$7.78 thousand
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PALAF in relation to earlier this year.
Read More on PALAF:
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