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Canaccord Genuity Sticks to Its Buy Rating for Paladin Energy Ltd (PALAF)

Tipranks - Tipranks - Tue Apr 21, 11:38AM CDT

Canaccord Genuity analyst James Bullen reiterated a Buy rating on Paladin Energy Ltd today and set a price target of A$16.00.

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According to TipRanks, Bullen is a 4-star analyst with an average return of 7.8% and a 47.86% success rate. Bullen covers the Energy sector, focusing on stocks such as Boss Energy , Paladin Energy Ltd, and Peninsula Energy.

In addition to Canaccord Genuity, Paladin Energy Ltd also received a Buy from Morgan Stanley’s Rahul Anand in a report issued yesterday. However, today, Jefferies downgraded Paladin Energy Ltd (Other OTC: PALAF) to a Hold.

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PALAF market cap is currently A$6.2B and has a P/E ratio of -41.88.

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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