Paladin's Weak 1Q Ratchets up Annual Earnings Risk
Dow Jones
Oct 14
2324 GMT - Paladin Energy has an increasingly difficult task to achieve its FY27 goals after 1Q output missed expectations. Paladin produced 1.0 million lbs of U308, a common compound of uranium, at the Langer Heinrich mine in Namibia in 1Q. This undershot Jefferies's forecast by 11%. Cost of production was 29% higher than Jefferies expected as well. Paladin's share price falls 6%, to A$7.55, its lowest level since November. "Unchanged guidance requires a material 2H grade and recovery uplift, exposing FY27 earnings to delivery risk," analyst Daniel Roden says. Jefferies had a "buy" call and A$14.50/share price target on Paladin ahead of today's operational update.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.