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Paladin Energy Ltd
(Sydney:PDN)
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Rating:55Neutral
Price Target:
AU$7.50
â–¼(-40.33% Downside)
Action:Reiterated
Date:10/15/26
The score reflects improving fundamentals and supportive earnings-call execution signals (production ramp-up, stronger revenue/cash flow, and strong liquidity), tempered by weak technical trend indicators and very expensive earnings-based valuation. The key swing factor is whether recent profitability and cash generation prove durable given the company’s historical volatility and ongoing project funding/execution needs.
Positive Factors
Langer Heinrich production ramp
Reaching full production at Langer Heinrich and delivering at the top of revised guidance demonstrates improved operating execution at Paladin’s principal asset. Sustained production and sales volumes should provide a stronger base for revenue generation, cost absorption and cash-flow conversion over the coming quarters.
Negative Factors
Profitability remains fragile
Despite operational improvement, Paladin has not yet established consistent net profitability. The remaining loss means revenue growth and positive operating cash flow have not fully translated into bottom-line earnings, leaving results sensitive to uranium prices, production performance and financing-related costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Langer Heinrich production ramp
Reaching full production at Langer Heinrich and delivering at the top of revised guidance demonstrates improved operating execution at Paladin’s principal asset. Sustained production and sales volumes should provide a stronger base for revenue generation, cost absorption and cash-flow conversion over the coming quarters.
Read all positive factors
Paladin Energy Ltd (PDN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.24B
Dividend YieldN/A
Average Volume (3M)3.84M
Price to Earnings (P/E)432.7
Beta (1Y)2.48
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees549
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)0.01
Shares Outstanding449,358,430
10 Day Avg. Volume5,587,298
30 Day Avg. Volume3,838,985
Financial Highlights & Ratios
PEG Ratio-4.70
Price to Book (P/B)2.43
Price to Sales (P/S)9.05
P/FCF Ratio130.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$12.71Price Target Upside1.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)0.11
Revenue Forecast (FY)AU$422.05M
Paladin Energy Ltd Business Overview & Revenue Model
Company Description
Established in Perth, Australia, in 1993, Paladin Energy Limited (which adopted its current name in November 2007, previously known as Paladin Resources Ltd) is a company focused on the exploration, development, and operation of uranium mines. Its...
How the Company Makes Money
Paladin makes money primarily by producing and selling uranium (typically sold as uranium oxide concentrate, U3O8) from its mining operations. Revenue is generated when uranium produced at its operations is delivered to customers under uranium sal...
Paladin Energy Ltd Earnings Call Summary
Earnings Call Date:Aug 26, 2026
(Q4-2026)
| Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call emphasized a defining year marked by a successful ramp-up at Langer Heinrich, strong revenue growth (+71% to USD 304m), improved cash generation and meaningful de-risking of the Patterson Lake South project. Key positives (production at the top of guidance, strong liquidity, operational safety and PLS milestones) outweigh the remaining negatives (a small net loss of USD 9.1m, reserve/inventory adjustments, ongoing pre-FID funding needs and reliance on short-term product financing). The company communicated progress on both operational delivery and project development while maintaining flexibility on funding options.Positive Updates
Successful Langer Heinrich Ramp-Up and Production
Completed ramp-up at Langer Heinrich Mine, delivering annual production of 4.82 million lbs U3O8 and sales of 4.35 million lbs; final production was at the top end of the revised guidance range announced in April.
Negative Updates
Net Loss Remains
Net loss after tax improved to USD 9.1 million but the company remains loss-making on a net basis for FY '26.
Read all updates
Q4-2026 Updates
Positive
Negative
Successful Langer Heinrich Ramp-Up and Production
Completed ramp-up at Langer Heinrich Mine, delivering annual production of 4.82 million lbs U3O8 and sales of 4.35 million lbs; final production was at the top end of the revised guidance range announced in April.
Read all positive updates
Company Guidance
Management's guidance for FY‑27 is to maximise value from Langer Heinrich and accelerate Patterson Lake South while preserving balance‑sheet flexibility: LHM is now at full production after the FY‑26 ramp‑up (4.82M lb U3O8 produced, 4.35M lb sold) with a low group TRIF of 3.2; FY‑26 financials showed revenue up 71% to USD 304M, average realised price USD 70/lb, gross profit USD 52M, operating cash flow USD 37.7M and an improved net loss after tax of USD 9.1M. Management emphasised liquidity (USD 265M cash and investments and an undrawn USD 70M revolver), continued progress on PLS (EIS approval, CNSC licensing advancement, engineering review and FEED progression, Atlas discovery, hearing target end‑CY2027), a development spend of ~USD 19M to date and the intent to retain funding flexibility (project financing remains a pursued option alongside other funding routes).Paladin Energy Ltd Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 311.00M | 177.68M | 0.00 | 0.00 | 4.70M |
| Gross Profit | 50.20M | 4.10M | -9.82M | -6.67M | -3.72M |
| EBITDA | 64.36M | -27.80M | -13.76M | -14.46M | -11.72M |
| Net Income | 5.45M | -44.64M | 53.63M | -10.57M | -26.74M |
Balance Sheet | |||||
| Total Assets | 1.37B | 1.13B | 621.78M | 473.05M | 480.99M |
| Cash, Cash Equivalents and Short-Term Investments | 269.86M | 89.05M | 48.86M | 126.64M | 258.95M |
| Total Debt | 154.94M | 197.09M | 167.35M | 90.49M | 79.49M |
| Total Liabilities | 328.48M | 324.32M | 223.97M | 137.96M | 122.58M |
| Stockholders Equity | 1.16B | 907.42M | 471.79M | 407.57M | 413.03M |
Cash Flow | |||||
| Free Cash Flow | 21.54M | -52.58M | -65.42M | -12.02M | -11.00M |
| Operating Cash Flow | 38.55M | -3.80M | -48.12M | -9.38M | -9.37M |
| Investing Cash Flow | -182.81M | 26.60M | -94.65M | -35.79M | 11.96M |
| Financing Cash Flow | 204.77M | 14.65M | 65.92M | 85.00K | 157.40M |
Paladin Energy Ltd Technical Analysis
Negative
12.57
Price Trends
9.93
Negative
9.84
Negative
10.97
Negative
Market Momentum
-0.78
Positive
30.84
Neutral
21.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PDN, the sentiment is Negative. The current price of 12.57 is above the 20-day moving average (MA) of 8.52, above the 50-day MA of 9.93, and above the 200-day MA of 10.97, indicating a bearish trend. The MACD of -0.78 indicates Positive momentum. The RSI at 30.84 is Neutral, neither overbought nor oversold. The STOCH value of 21.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PDN.
Paladin Energy Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | AU$3.24B | 432.74 | 0.46% | ― | ― | ― | |
53 Neutral | AU$8.10B | -27.84 | -16.11% | ― | ― | -21.57% | |
50 Neutral | AU$325.79M | -37.95 | -11.85% | ― | ― | -59.84% | |
50 Neutral | AU$760.05M | -79.09 | -3.00% | ― | ― | -61.38% | |
46 Neutral | AU$716.21M | 54.38 | 2.05% | ― | ― | 85.14% | |
37 Underperform | AU$810.79M | -20.00 | 4.35% | 2.38% | 66.05% | -100.00% |
* Energy Sector Average
AU:PDN
Paladin Energy Ltd
7.26
-1.13
-13.47%
AU:BKY
Berkeley Energia
0.76
0.23
43.40%
AU:BMN
Bannerman Energy
3.13
-0.05
-1.57%
AU:DYL
Deep Yellow Limited
0.72
-1.04
-59.14%
AU:ERA
Energy Resources of Australia Class A
0.01
0.00
0.00%
AU:NXG
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs
11.89
-1.09
-8.40%
Paladin Energy Ltd Corporate Events
Paladin Energy lifts uranium prices as output dips and advances Canadian projects
Oct 13, 2026
Paladin Energy’s Langer Heinrich Mine produced 1.00Mlb of U3O8 in the September quarter, down from the prior period due to planned maintenance and ore-related processing challenges, which pushed recovery to the bottom of the target range and...
Paladin Energy Sets Investor Call for September-Quarter Results
Oct 12, 2026
Paladin Energy will publish its quarterly financial results for the period ended 30 September 2026 on 14 October 2026, with the disclosure to appear on both the ASX and SEDAR+ platforms. The company is organising an investor conference call on the...
JPMorgan Group Drops Below Substantial Holding Threshold in Paladin Energy
Oct 8, 2026
Paladin Energy has disclosed that JPMorgan Chase Co. and several of its subsidiaries have ceased to be substantial shareholders in the company, according to a regulatory notice filed under Australia’s Corporations Act. The change reflects a...
JPMorgan Group Ceases to Be Substantial Holder in Paladin Energy
Sep 10, 2026
JPMorgan Chase Co. and its affiliates have notified Paladin Energy Ltd that they have ceased to be a substantial holder in the company as of 8 September 2026. The change reflects adjustments in securities lending, investment management and prime ...
Paladin Energy Sets Date and Timetable for 2026 AGM and Director Elections
Sep 8, 2026
Paladin Energy has scheduled its 2026 Annual General Meeting for 17 November in Perth, with a simultaneous time reference for Toronto-based stakeholders. The meeting will include the election of directors, underscoring ongoing governance processes...
Paladin Energy Unveils High-Grade Uranium Results at Patterson Lake South
Sep 2, 2026
Paladin Energy has reported a series of high-grade uranium intersections from ongoing drilling at its Patterson Lake South project in Saskatchewan, underscoring the growing scale of the Atlas and Saloon East discoveries. Atlas, now defined by 25 d...
Paladin Energy Secures Third Indigenous Benefits Pact for Patterson Lake South
Aug 30, 2026
Paladin Energy’s Canadian unit has signed a Mutual Benefits Agreement with the Birch Narrows Dene Nation covering the full lifespan of the Patterson Lake South uranium project in Saskatchewan’s Athabasca Basin. The deal outlines how bo...
Paladin Energy Narrows Loss as Langer Heinrich Ramp-Up Drives Revenue Surge
Aug 25, 2026
Paladin Energy reported a strong operational year, with the Langer Heinrich Mine producing 4.82 million pounds of U3O8, at the upper end of guidance, and sales of 4.35 million pounds driving a 71% jump in revenue to US$304.3 million. Higher realis...
Paladin Energy Details Operations, Risks and Capital Structure in 2026 Annual Information Form
Aug 25, 2026
Paladin Energy has released its Annual Information Form for the year ended June 30, 2026, outlining the corporate structure, business development and key mineral assets, including detailed disclosure on the Langer Heinrich Mine and other propertie...
Paladin Energy Releases Comprehensive FY2026 MD&A for Investors
Aug 25, 2026
Paladin Energy has released its Management’s Discussion and Analysis for the three and twelve months ended 30 June 2026, providing a structured overview of operational progress, financial results and risk management. The document is dated 26...
Paladin Energy Files 2026 Corporate Governance Statement and Appendix 4G with ASX
Aug 25, 2026
Paladin Energy has lodged its 2026 Corporate Governance Statement with the ASX, confirming the document is included in pages 67 to 87 of its 2026 annual report and current as of 26 August 2026. The filing, accompanied by a completed Appendix 4G, o...
Paladin Energy Swings to Profit as Revenue Jumps and Reporting Frameworks Expand
Aug 25, 2026
Paladin Energy reported a strong turnaround for the year ended 30 June 2026, with revenue rising 71% to US$304.3 million and a net profit of US$5.3 million, compared with a substantial loss in the prior year. Net tangible assets per security incre...
Paladin Energy Aligns PLS Resource Reporting with JORC Code
Aug 20, 2026
Paladin Energy has re-reported its Patterson Lake South mineral resource and ore reserve estimates under the JORC Code, moving from prior disclosure solely under Canada’s NI 43-101 framework. The shift is designed to align with ASX listing r...
Paladin Energy Sets Date for FY2026 Results and Investor Conference Call
Aug 11, 2026
Paladin Energy has scheduled the release of its financial results for the 12-month period ended 30 June 2026, confirming that the figures will be published on 26 August 2026 via the ASX platform and made available concurrently on the SEDAR+ system...
Paladin Energy Emphasises Risk, Compliance and Reporting Standards in Quarterly Update
Jul 21, 2026
Paladin Energy has released a quarterly results presentation that is heavily focused on clarifying the basis, limitations, and regulatory framework of the information provided to investors. The company stresses that the material is general in natu...
Paladin completes Langer Heinrich ramp-up and advances Canadian PLS uranium project
Jul 21, 2026
Paladin Energy has completed the ramp-up of the Langer Heinrich Mine to full operations, delivering annual production of 4.82 million pounds of U3O8 and sales of 4.35 million pounds at an average realised price of US$70 per pound. Costs of product...
Paladin Sets FY2027 Output, Cost and Pricing Outlook for Langer Heinrich Mine
Jul 21, 2026
The Langer Heinrich Mine completed its ramp-up of mining and processing operations in the June 2026 quarter, establishing a base for reliable uranium production and deliveries. For FY2027, Paladin forecasts production of 5.1–5.6 million poun...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.