Paladin Energy Ltd shares are changing hands for $9.51 each in Wednesday afternoon trade.
The conflict in the Middle East, higher inflation data, and concerns about more interest-rate rises has seen some investors reduce their exposure to riskier shares like Paladin Energy.
The company posted a 71% year-on-year increase in sales revenue to US$304 million.
Despite the confidence loss and recent sell off, it looks like brokers are still very bullish about the outlook for Paladin Energy shares over the next 12 months.
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Paladin Energy Ltd shares are changing hands for $9.51 each in Wednesday afternoon trade.
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Paladin Energy Ltd shares are changing hands for $9.51 each in Wednesday afternoon trade.
For the year to date, Paladin Energy shares are down 6%, but they're still 23% higher than a year ago.
As a uranium production company that focuses on developing and operating uranium mines globally, Paladin Energy is sensitive to fluctuations in sentiment about uranium.
The conflict in the Middle East, higher inflation data, and concerns about more interest-rate rises has seen some investors reduce their exposure to riskier shares like Paladin Energy.
Elsewhere, Paladin Energy posted a note to the ASX last week confirming that JP Morgan Chase & Co, and its affiliates have ceased to be holders in the company.
The company posted a 71% year-on-year increase in sales revenue to US$304 million. Paladin Energy also reported a gross profit of US$52 million, up from a gross loss of US$26 million in FY25.
Despite the confidence loss and recent sell off, it looks like brokers are still very bullish about the outlook for Paladin Energy shares over the next 12 months.
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