Company Information
Paladin Energy Limited (ASX: PDN)
Paladin Energy Ltd is an independent uranium production company headquartered in Australia. The company is predominantly known for its 75% stake in the Langer Heinrich Mine (LHM) in Namibia, a significant and long-term mining operation. Apart from the Namibian venture, Paladin Energy has a collection of uranium exploration and development pursuits in Canada and Australia. These endeavors are categorized into three segments: Exploration, Namibia, and Australia.
The Langer Heinrich Mine is strategically located in Namibia, 80 kilometers east of Swakopmund and likewise close to the Walvis Bay port, facilitating maritime transport. In Canada, Paladin Energy, through Aurora Energy Ltd, fully owns an extensive area of over 98,320 hectares within the Central Mineral Belt of Labrador for mineral exploration purposes. This includes the Michelin project. In Australia, the company fully owns the Manyingee Project, which is a uranium deposit within sandstone, hosting around 41 million pounds of uranium across two deposits. It also entirely owns three other uranium exploration sites in Queensland.
In terms of financials, as of the last twelve-month period, Paladin Energy did not generate any revenue, and it reported a net income of AUD 84.56 million. The company, which was established in 1993, employs approximately 307 individuals. Year over year, Paladin Energy saw a fall in revenues from AUD 4.70 million to zero, but it managed to reduce its net loss from AUD 26.74 million to AUD 10.57 million.
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Paladin Energy Limited (ASX: PDN) Live Chart
Paladin Energy Limited (ASX: PDN) Forecast
The consensus among seven Wall Street analysts is that Paladin Energy Ltd has an average 12-month price target of AU$16.46, with the highest forecast at AU$17.48 and the lowest at AU$14.99. This average target suggests a modest increase of 0.47% from the company’s last trading price of AU$16.38.
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