Paladin Energy Ltd (AU:PDN)
OTHER OTC:PDN
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Paladin Energy Ltd
(OTC:PDN)
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Rating:49Neutral
Price Target:
AU$12.00
▼(-17.47% Downside)
Action:Reiterated
Date:06/04/26
The score is primarily held back by weak financial performance—ongoing losses and materially negative free cash flow—despite a supportive balance sheet. The earnings call was a relative positive due to raised production guidance and strong operating metrics, but meaningful external and execution risks remain. Technical indicators are moderately bearish and valuation is constrained by loss-making earnings and no stated dividend yield.
Positive Factors
Raised production guidance at Langer Heinrich
A sustained production ramp and higher FY26 guidance imply greater operational scale, improving the company’s ability to cover fixed costs and increase future cash generation potential. Achieving the guided output reduces execution risk and underpins longer-term revenue capacity if market demand holds.
Negative Factors
Persistent negative operating and free cash flow
Repeated negative operating and free cash flow across years signals the company remains reliant on external liquidity or asset sales to fund operations and capex. This undermines durable self‑funding capacity, increases refinancing and execution risk, and constrains reinvestment into growth projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Raised production guidance at Langer Heinrich
A sustained production ramp and higher FY26 guidance imply greater operational scale, improving the company’s ability to cover fixed costs and increase future cash generation potential. Achieving the guided output reduces execution risk and underpins longer-term revenue capacity if market demand holds.
Read all positive factors
Paladin Energy Ltd (PDN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.32B
Dividend YieldN/A
Average Volume (3M)2.47M
Price to Earnings (P/E)―
Beta (1Y)2.74
Revenue GrowthN/A
EPS Growth-163.67%
CountryAU
Employees307
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.12
Shares Outstanding449,358,430
10 Day Avg. Volume2,119,535
30 Day Avg. Volume2,473,953
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.06
Price to Sales (P/S)10.52
P/FCF Ratio-35.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$12.94Price Target Upside-11.03% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$297.96M
Paladin Energy Ltd Business Overview & Revenue Model
Company Description
Paladin Energy Limited develops, explores for, and operates uranium mines in Australia, Canada, and Africa. The company operates through Exploration, Namibia, and Australia segments. Its flagship project is the Langer Heinrich mine located in the ...
How the Company Makes Money
Paladin primarily makes money by selling uranium oxide (U3O8) produced from its mining operations into the nuclear fuel market. Revenue is generated when uranium is delivered and sold under sales arrangements that may include long-term offtake/uti...
Paladin Energy Ltd Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call presented multiple operational and financial positives: production growth, a strong recovery rate, raised production guidance, healthy cash balances and a major regulatory milestone for PLS. These positives are balanced by notable near-term risks — geopolitical supply-chain uncertainty, a judicial review challenging the PLS EIS, revised (reduced) CapEx guidance, shipping delays elevating inventory, and potential cost pressure in the final quarter. Overall the company appears operationally strong and progressing, but there are material external risks that could affect costs and timing.Positive Updates
Quarterly Production Increase
Langer Heinrich produced 1.29 million lbs U3O8 in the quarter, up 5% versus the prior quarter, supported by strong plant performance and completion of mining fleet commissioning.
Negative Updates
Geopolitical and Supply-Chain Uncertainty
Company is monitoring potential impacts from Middle East events; early signs of cost escalation noted and the company holds 3–10 months of key reagents supply, indicating vulnerability if disruptions worsen.
Read all updates
Q3-2026 Updates
Positive
Negative
Quarterly Production Increase
Langer Heinrich produced 1.29 million lbs U3O8 in the quarter, up 5% versus the prior quarter, supported by strong plant performance and completion of mining fleet commissioning.
Read all positive updates
Company Guidance
Paladin revised FY‑26 Langer Heinrich production guidance up to 4.5–4.8M lb (from 4.0–4.4M lb) after year‑to‑date production of 3.6M lb and a March‑quarter result of 1.29M lb (+5% QoQ); Q3 sales were 1.03M lb at an average realized price of $68.30/lb, quarterly production benefited from a 503 ppm average ore feed, 1.21Mt crusher throughput, 6.17Mt total mined (+12% QoQ) and a 92% recovery (management’s target recovery range is 85–90%); cost of production this quarter was $40.30/lb and FY‑26 cost guidance remains $44–$48/lb (noting MG3 stockpile use has lowered recent costs), sales guidance stays at 3.8–4.2M lb, CapEx + exploration guidance was reduced to US$15–17M (from US$26–32M) with some CapEx deferred into FY‑27, unrestricted cash/investments were US$219.5M with an undrawn US$70M RCF, term loan balance is US$36M after a US$4M payment, quarterly sales revenue includes US$47.3M expected to be received in June, inventory runs around a ~4‑month normalized level (elevated this quarter by shipments on the water), 22M lb are under contract, ramp‑up is on track to complete by end of FY‑26, and the company cautioned guidance could be affected by Middle East geopolitical developments.Paladin Energy Ltd Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
29
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 177.68M | 0.00 | 0.00 | 4.70M | 2.98M |
| Gross Profit | 4.10M | -7.54M | -6.67M | 7.00K | -3.00M |
| EBITDA | -30.37M | -17.44M | -17.94M | -11.72M | -11.80M |
| Net Income | -44.64M | 81.84M | -10.57M | -26.74M | -43.98M |
Balance Sheet | |||||
| Total Assets | 1.13B | 621.78M | 473.05M | 699.48M | 481.07M |
| Cash, Cash Equivalents and Short-Term Investments | 89.05M | 48.86M | 126.64M | 258.95M | 30.66M |
| Total Debt | 197.09M | 167.35M | 90.49M | 115.60M | 92.68M |
| Total Liabilities | 324.32M | 223.97M | 137.96M | 178.26M | 152.45M |
| Stockholders Equity | 907.42M | 471.79M | 407.57M | 600.64M | 377.25M |
Cash Flow | |||||
| Free Cash Flow | -52.58M | -65.42M | -12.02M | -11.00M | -66.29M |
| Operating Cash Flow | -3.80M | -48.12M | -9.38M | -9.37M | -64.79M |
| Investing Cash Flow | 26.60M | -94.65M | -35.79M | 11.96M | -2.21M |
| Financing Cash Flow | 14.65M | 65.92M | 85.00K | 157.40M | 1.20M |
Paladin Energy Ltd Technical Analysis
Positive
14.54
Price Trends
11.91
Negative
12.11
Negative
10.30
Positive
Market Momentum
-0.22
Negative
53.10
Neutral
58.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PDN, the sentiment is Positive. The current price of 14.54 is above the 20-day moving average (MA) of 11.34, above the 50-day MA of 11.91, and above the 200-day MA of 10.30, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 53.10 is Neutral, neither overbought nor oversold. The STOCH value of 58.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
63 Neutral | AU$781.07M | -342.49 | -0.94% | ― | ― | 70.28% | |
53 Neutral | AU$10.57B | -25.30 | -30.30% | ― | ― | -312.56% | |
49 Neutral | AU$5.32B | -593.08 | -4.87% | ― | ― | -163.67% | |
49 Neutral | AU$1.59B | 813.04 | 0.29% | ― | -100.00% | ― | |
45 Neutral | AU$218.68M | -21.60 | -12.34% | ― | ― | -1047.83% | |
43 Neutral | AU$1.01B | -16.11 | 4.35% | ― | 236.54% | 95.24% |
* Energy Sector Average
AU:PDN
Paladin Energy Ltd
10.88
4.42
68.42%
AU:BKY
Berkeley Energia
0.47
-0.15
-23.58%
AU:BMN
Bannerman Energy
3.68
0.83
29.12%
AU:DYL
Deep Yellow Limited
1.55
0.21
15.73%
AU:ERA
Energy Resources of Australia Class A
―
―
―
AU:NXG
NexGen Energy Ltd. Shs Chess Depository Interests repr 1 shs
15.97
6.08
61.48%
Paladin Energy Ltd Corporate Events
JPMorgan Group Ceases to Be Substantial Holder in Paladin Energy
May 28, 2026
JPMorgan Chase Co. and its affiliates have notified Paladin Energy that they have ceased to be a substantial holder in the uranium producer as of 26 May 2026. The change reflects a series of transactions across multiple JPMorgan entities, includi...
Paladin Energy outlines disclosure limits and risks in Macquarie conference presentation
May 4, 2026
Paladin Energy has released a presentation for the 2026 Macquarie Australia Conference outlining the general, non-comprehensive nature of its disclosed information and stressing that it is not an offer or investment recommendation. The company und...
Paladin Energy flags risks and reporting caveats in March quarter materials
Apr 21, 2026
Paladin Energy has released a March 2026 quarter presentation that primarily serves as a detailed disclaimer document around its recent quarterly reporting and technical disclosures. The company underscores that the material is informational only,...
Paladin lifts uranium output and guidance as Canadian PLS project clears key approval
Apr 21, 2026
Paladin Energy reported another quarter of operational gains at its Langer Heinrich Mine, with U3O8 production rising 5% to 1.29Mlb on stronger processing performance and higher recoveries, and year-to-date output prompting an upgrade to full-year...
Paladin Energy flags isolated administrative lapse in director interest disclosure
Apr 10, 2026
Paladin Energy has disclosed that an Appendix 3Y notice detailing a change in director Paul Hemburrow’s interests was lodged late with the ASX due to an administrative oversight. The company said the underlying change in Hemburrow’s ho...
Paladin director Anne Templeman-Jones acquires first stake in company
Apr 7, 2026
Paladin Energy has disclosed a change in director Anne Templeman-Jones’ holdings, with the non-executive director acquiring 3,395 ordinary shares in the company. The purchase, executed as an on-market trade on the ASX for approximately AUD37...
Paladin Faces Métis Legal Challenge to Patterson Lake South Environmental Approval
Mar 31, 2026
Paladin Energy has acknowledged that the Métis Nation–Saskatchewan has filed a judicial review in the Saskatchewan Court of King’s Bench challenging the provincial environment minister’s approval of the Environmental Impact ...
Paladin Energy Issues Extensive Risk and Disclosure Notice for Jefferies Asia Forum Presentation
Mar 16, 2026
Paladin Energy has issued a detailed presentation disclaimer ahead of its appearance at the Jefferies 7th Asia Forum, stressing that the material is informational only and does not constitute an offer, prospectus or investment advice. The company ...
Paladin Energy Issues New Unquoted Performance Rights Under Employee Incentive Scheme
Mar 11, 2026
Paladin Energy Ltd has notified the market of the issue of 335,515 unquoted performance rights under its employee incentive scheme. The securities, which will not be quoted on the ASX, were issued on March 6, 2026, and reflect the company’s ...
Paladin Energy Seeks ASX Quotation for New Employee Incentive Shares
Mar 5, 2026
Paladin Energy has applied to the ASX for quotation of 30,000 new fully paid ordinary shares issued on 4 March 2026 under an employee incentive scheme. The modest share issuance reflects ongoing use of equity-based compensation but is not of a sca...
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.