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Morgan Stanley Keeps Their Buy Rating on Paladin Energy Ltd (PALAF)

Tipranks - Mon Apr 20, 6:50PM CDT

In a report released today, Rahul Anand from Morgan Stanley maintained a Buy rating on Paladin Energy Ltd, with a price target of A$13.70.

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Anand covers the Basic Materials sector, focusing on stocks such as South32, Rio Tinto Limited, and Lynas Rare Earths . According to TipRanks, Anand has an average return of 14.1% and a 57.67% success rate on recommended stocks.

Currently, the analyst consensus on Paladin Energy Ltd is a Moderate Buy with an average price target of A$13.32.

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 27 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.

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