Ord Minnett Reaffirms Their Sell Rating on Paladin Energy Ltd (PALAF)
Ord Minnett analyst Matthew Hope maintained a Sell rating on Paladin Energy Ltd today and set a price target of A$9.75.
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Hope covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths , Brazilian Rare Earths Ltd., and Meteoric Resources NL. According to TipRanks, Hope has an average return of 35.1% and a 63.25% success rate on recommended stocks.
In addition to Ord Minnett, Paladin Energy Ltd also received a Sell from J.P. Morgan’s Lyndon Fagan in a report issued on April 17. However, today, Macquarie maintained a Hold rating on Paladin Energy Ltd (Other OTC: PALAF).
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.
Read More on PALAF:
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- Paladin Energy flags risks and reporting caveats in March quarter materials
- Paladin lifts uranium output and guidance as Canadian PLS project clears key approval
- Paladin Energy flags isolated administrative lapse in director interest disclosure
- Paladin Energy Sets 22 April Date for March-Quarter Results and Investor Call
- Paladin director Anne Templeman-Jones acquires first stake in company
