Why Paladin Energy’s share price hit a fresh high — and what ASX:PDN investors watch next
Paladin Energy shares closed at a 52-week high of A$13.36 on Thursday, up 1.4%, after reporting a 16% quarterly jump in Langer Heinrich uranium output to 1.23 million pounds. The miner expects full-year production near the top of its 4.0–4.4 million pound guidance. JPMorgan downgraded the stock to underweight, citing valuation concerns. Investors await interim results in mid-February.