Sydney, Jan 22, 2026, 17:41 AEDT — After-hours
- Paladin Energy shares closed higher on Thursday, staying close to recent peak levels following a quarterly production update.
- The uranium miner signaled that production is on pace to hit the upper limit of its full-year guidance range.
- All eyes now shift to the company’s interim results due mid-February to see if the ramp-up is holding steady.
Shares of Paladin Energy Ltd (ASX:PDN) wrapped up Thursday’s session 1.4% higher at A$13.36, hitting their highest level in 52 weeks. The stock fluctuated between A$12.63 and A$13.36 throughout the day, with roughly 7.9 million shares changing hands. This followed a strong surge the previous day. (Investing.com Australia)
This move is significant because Paladin’s stock has essentially turned into a bet on one question: can the Langer Heinrich restart keep boosting output without sending costs soaring? With prices sitting close to multi-month highs, even minor slip-ups get exposed quickly.
The move comes as uranium-related stocks tighten their correlation with the fuel market. Brokers have noted stronger uranium prices amid a shrinking cycle, with RBC highlighting the “term” price—used to gauge long-term contracts—hovering near US$86.5 a pound by late 2025. (Fnarena)
Paladin’s December-quarter results showed Langer Heinrich churning out 1.23 million pounds of U3O8 — uranium oxide concentrate — a 16% jump from the previous quarter. Ore feed grade climbed to 524 parts per million, with plant recovery holding steady at 91%. The company sold 1.43 million pounds at an average realized price of US$71.8 per pound, signaling full-year production is likely to land near the high end of its 4.0 to 4.4 million pound guidance. “I am delighted by our progress in ramping-up operations at Langer Heinrich Mine,” CEO Paul Hemburrow commented. Paladin also noted it holds US$278.4 million in cash and investments, plus an undrawn US$70 million revolving credit facility, after trimming its syndicated debt to US$110 million. Winter drilling has kicked off at Patterson Lake South, the company added, while it prepares to defend a pending shareholder class action in Victoria.
Paladin’s quarterly update sparked a 13.1% rally at Wednesday’s close, fueled by upbeat guidance and a production beat. (Proactiveinvestors UK)
Not everyone is convinced by the rally. JPMorgan’s Milan Tomic cut Paladin to underweight from neutral, setting a price target of A$9.50, according to StreetInsider. (Streetinsider)
Paladin’s shares are moving on a blend of uranium tape-reading and straightforward mine calculations. The company is pushing more pounds out the door, but investors will watch closely for delivery consistency quarter to quarter and how unit costs evolve as production scales up.
However, the stock’s sharp rise narrows the margin for error. Delays in ramp-up, softer-than-expected pricing, or shipments slipping into future quarters could weigh on cash flow and spark profit-taking following the rapid gains.
Paladin usually moves alongside other ASX-listed uranium stocks like Boss Energy and Deep Yellow. But bigger players offshore, including Cameco, often lead the sector’s direction. When the uranium story shifts, these links grow stronger.
Paladin’s interim financial results drop on Feb. 12. Investors will zero in on cash flow, shifts in inventory, and any updates to guidance following a robust first half. (Company Announcements)
Looking ahead to the next session and the week to come, traders will be watching to see if Thursday’s close near the highs attracts new buying interest — or if the stock begins to slip without fresh operational data. The first real test arrives on Feb. 12.
