What does Paladin Energy Ltd do?

What does Paladin Energy Ltd do?

Paladin Energy Ltd is a Western Australian based uranium production company. It currently has one operating mine in Africa; the Langer Heinrich mine (LHM) in Namibia. Paladin was listed on the Australian, OTC and Namibian Stock Exchanges, as well as the Munich, Berlin, Stuttgart and Frankfurt Exchanges.

Is Paladin a good investment?

Shaw and Partners recommends Paladin as a buy with a $1.30 price target, The Australian reports. This is nearly 37% more than the current share price. Commenting on Paladin, Shaw and Partners said: In our view Paladin is the standout in the sector on a risk-reward basis.

Is Paladin Energy a Good Investment?

Valuation snapshot The Paladin Energy share price has ascended 131% in the past year. It is up 0.21% year to date. For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) has gained 24% in a year. Paladin has a market capitalisation of about $2.7 billion based on the current share price.

When was Paladin founded?

Where It All Began. In 1976, Paladin Security was established as a provider of basic security guard services.

Why choose Paladin Energy Limited?

Paladin delivers a reliable supply for a clean future. Paladin Energy Limited is a large-scale uranium miner and exploration company. Paladin delivers a reliable supply for a clean future.

Who is Paladin Energy Ltd CEO Alexander Molyneux?

Alexander Molyneux, took over as interim CEO of the company. In 2016, The Australian reported that Paladin may be in talks with Russian owned ARMZ Uranium Holding as well as China National Nuclear Corporation. CNNC is a 25% owner in Paladin’s Namibian mine Langer Heinrich.

What does Paladin’s acquisition of Aurora Energy Resources mean?

Paladin acquired the uranium assets of Canadian company Aurora Energy Resources Inc. (Aurora) which added a significant tenement package in the highly prospective Central Mineral Belt (CMB) in the province of Newfoundland and Labrador.

What is Paladin up to in the uranium business?

Paladin was granted the right to have a majority ownership stake in the Michelin uranium mine, located in Newfoundland. Paladin was able to secure the exemption by demonstrating that no suitable Canadian owned company was attracted to the venture.