Buy
Paladin Energy (PDN)
*** GENERAL ADVICE ONLY ***
Description
Industry: Uranium
Paladin Energy Ltd is a Western Australian based uranium production company. It currently has one operating mine in Africa; the Langer Heinrich Mine in Namibia.
Metrics
Market Cap: $2.8B
PE: –
Yield: –
Trade
Allocation: Buy 2.5% Entry: <$0.99 Target: >$1.20 Stop: <0$.87
Catalyst
Recent earnings results from Canadian uranium-fuel giant, Cameco saw a significant increase in nuclear energy demand and a potential supply gap in the immediate future. This demand is driven by global calls for clean, secure, and affordable energy with Nuclear being the stop-gap solution for base load electricity until new energy technologies become more commercial
Paladin will be in production in Q1 2024, taking advantage of the rising Uranium spot prices
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.