Citi, Jefferies optimistic on Paladin Energy outlook after Q4 production
Updates with Citi comments
** Brokerage Citi lifts FY25 production estimates for Australian uranium miner Paladin Energy PDN.AX by 6% to near 4.3 mlb (million pounds), sales up 3% to around 4mlb
** Analysts at Jefferies retain PT of A$16/shr for PDN after its Q4 results; reiterate "buy" rating
** Citi keeps "buy" rating on PDN
** Uranium miner on Monday posted quarterly production of 517,597lb of U3O8 - triuranium octoxide, a uranium compound at its Langer Heinrich Mine in Namibia
** Langer Heinrich restart has continued well, with FY25 guidance highly achievable - Jefferies
** Jefferies sees upside to FY25 production guidance with a solid ramp-up performance from the mine
** Production ramp-up is on track and we remain confident of PDN's triuranium octoxide FY25 production guidance - Citi
** All eight analysts, rate stock "buy" or higher; their median PT is A$15.91 – LSEG data
** PDN stock up 26.2% this year, as of last close
Reporting by Roshan Thomas in Bengaluru
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