Paladin Energy (ASX: PDN) Broker Ratings

Paladin Energy Broker Ratings

• UBS (15/04/2025): UBS maintains a Buy rating on Paladin Energy, lowering the target price slightly to $9.10 from $9.20. The broker notes the significant drop in Paladin's share price this year despite a smaller decline in uranium prices, viewing the ongoing operational issues in Namibia as temporary.

• Shaw and Partners (15/04/2025): Shaw and Partners has cut its target price for Paladin Energy to $10.10 from $15.50, while retaining a Buy rating (High risk). The broker believes the market has overreacted to the withdrawal of FY25 guidance, with concerns focusing on contract volumes and the balance sheet's capacity for clean-up and ramp-up.

• Morgan Stanley (09/04/2025): Morgan Stanley has significantly slashed its target price to $5.00 from $10.00, while maintaining an Overweight rating. This reflects considerations of tariffs, potential recessions, miner cost curves, and commodity price forecasts. The broker highlights the Canadian growth project and ongoing efforts at Langer Heinrich, while also cutting EPS estimates.

• Citi (07/04/2025): Citi has retained its Buy rating on Paladin Energy with a reduced target price of $10.20 from $11.00. The broker expects uranium prices to rise and believes US tariffs on Namibia won't impact Langer Heinrich. However, the FY25 EPS estimate has been lowered due to flooding and reduced production, with Citi currently preferring Boss Energy over Paladin.

• Bell Potter (01/04/2025): Bell Potter has cut its target price for Paladin Energy to $6.30 from $11.00, while keeping a Buy rating. This follows a significant reduction in the production estimate due to rainfall disruptions in Namibia, leading to the withdrawal of FY25 guidance and a widened net loss forecast.

• Macquarie (28/03/2025): Macquarie has upgraded Paladin Energy to Outperform from Neutral, setting a target price of $8.25 (down from a previous implied target). The upgrade is due to the acquisition of Patterson Lake South. The broker notes the share price discount from withdrawn guidance and disappointing Langer Heinrich production, leading to lowered EPS estimates for FY25 and FY26.

• Ord Minnett (28/03/2025): Ord Minnett has lowered its target price for Paladin Energy to $9.00 from $9.60, while retaining a Buy rating. This follows the resumption of operations at Langer Heinrich after rainfall, but the withdrawal of FY25 production guidance. The broker now models a slower mining ramp-up and has halved its FY26 earnings forecast.

Paladin Energy Stock Price

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