Paladin Energy Bull Cheers Positive Operating Cash Flow
Dow Jones
Yesterday
0234 GMT - Uranium miner Paladin Energy records a solid FY26 result, reflecting the successful ramp-up of its Langer Heinrich operation, Morgans says. "Production landed at the upper end of guidance, costs were at the lower end, and the balance sheet strengthened materially," says the broker. Paladin's strengthening operating performance has translated into positive net operating cash flow for the first time this decade, Morgans says. It views Paladin as now having increased flexibility to fund future growth initiatives. FY27 will "test PDN's ability to consistently deliver at nameplate rates while advancing the Patterson Lake South (PLS) project," says Morgans. The broker has a buy rating and A$12.50/share target on Paladin. Shares are up 4.4% at A$12.49.
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