Citi Keeps Their Buy Rating on Paladin Energy Ltd (PALAF)
In a report released today, Tom Wallington from Citi maintained a Buy rating on Paladin Energy Ltd, with a price target of A$12.80.
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Wallington covers the Energy sector, focusing on stocks such as Woodside Energy Group, Santos Limited, and Beach Energy . According to TipRanks, Wallington has an average return of 6.6% and a 77.14% success rate on recommended stocks.
In addition to Citi, Paladin Energy Ltd also received a Buy from Macquarie’s Mark Wiseman in a report issued today. However, on the same day, UBS 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 20 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 upgraded to Outperform from Neutral at Macquarie
- Paladin Energy Issues Extensive Risk and Disclosure Notice for Jefferies Asia Forum Presentation
- Paladin Energy Issues New Unquoted Performance Rights Under Employee Incentive Scheme
- Paladin Energy Seeks ASX Quotation for New Employee Incentive Shares
- Paladin Energy Wins Key Environmental Approval for Canadian Uranium Project
