Morgans lifts Paladin Energy stock target to AUD 13.10

Published on 10/17/2026 at 20:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgans set AUD 13.10 for October 15, 2026 after AUD 13.30. Paladin Energy stock cost AUD 7.40 on October 16, 2026, up 7.00 percent on ASX.

Broker target and operating pace

Morgans set an AUD 13.10 target after AUD 13.30 on October 15, 2026.
Langer Heinrich produced 1.0 million pounds in the September quarter against a 1.16 million-pound consensus.
Paladin Energy stock cost AUD 7.40 on October 16, 2026, up 7.00 percent on the ASX that day.
Paladin Energy had a market capitalization of AUD 3.6 billion and a P/E ratio of 413.89 on October 15, 2026.

Paladin, AU000000PDN8, Illustration mit AI erstellt.

Morgans upgraded Paladin Energy to Buy and cut its 12-month price target from AUD 13.30 to AUD 13.10 in a note dated October 15, 2026, according to Markets Insider. Paladin Energy stock was at AUD 7.40 on the ASX on October 16, 2026, up 7.00 percent on the day.

Production sets the operating context

The broker's revised target followed a slow start to fiscal 2027 at the Langer Heinrich uranium mine. September-quarter production was 1.0 million pounds, below the 1.16 million-pound consensus cited by The Motley Fool Australia.

Sales reached 1.16 million pounds against a 1.13 million-pound consensus. Realized pricing increased 12.00 percent quarter over quarter to USD 79.40 per pound, while the planned plant shutdown and weaker ore recovery affected production.

What does the target imply?

At AUD 7.40, Morgans' AUD 13.10 target stood AUD 5.70 above the quoted ASX price on October 16, 2026. That is a 77.03 percent distance above the price, calculated in Australian dollars. The broker also changed its rating from Accumulate to Buy, giving the note a stronger stated stance despite the lower target.

Price position and valuation

Paladin Energy's ASX price was down 25.00 percent over 12 months in the October 16, 2026 report. The company had a market capitalization of AUD 3.6 billion and a P/E ratio of 413.89 on October 15, 2026, according to Markets Insider.

Paladin's fiscal 2027 production guidance remains 5.1 million to 5.6 million pounds, with sales guidance of 4.8 million to 5.3 million pounds and unit costs of USD 44 to USD 48 per pound, as reported by The Motley Fool Australia.

Comparison with peers

Paladin Energy (ASX, AUD): plus 7.00 percent, P/E 413.89, market capitalization AUD 3.6 billion.

Cameco (NYSE, USD): minus 2.05 percent, P/E 141.02, market capitalization USD 35.5 billion.

Energy Fuels (NYSE American, USD): minus 1.17 percent, P/E minus 25.28, market capitalization USD 2.2 billion.

Next reference points

Paladin's September-quarter results were scheduled for release on October 14, 2026, with a conference call on the same date, according to the company's announcement carried by FinancialFilings. The next market reading therefore centers on production recovery, realized pricing and the effect of the planned shutdown.

Paladin Energy stays tied to execution

The stock's valuation, broker target and production gap point to execution as the key market variable. The quoted ASX price remained below the Morgans target while the September-quarter production figure trailed consensus.

Paladin Energy stock was last at AUD 7.40 on October 16, 2026 on the ASX, with a 7.00 percent daily gain reported for that session.