Morgans upgrades Paladin Energy stock to Buy at AUD 13.10

Published on 10/20/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Paladin mined 1.00 million pounds in its September quarter. Paladin Energy stock costs EUR 4.57 on October 20, 2026, up 2.23 percent versus Stuttgart close.

Morgans changes its Paladin view

Morgans upgraded Paladin from Accumulate to Buy and set an AUD 13.10 target on October 15, 2026.
September-quarter production reached 1.00 million pounds, while realized uranium pricing rose 12.00 percent to USD 79.40 per pound.
Paladin Energy stock costs EUR 4.57 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST, 2.23 percent above the Stuttgart close.
The annual general meeting is scheduled for November 17, 2026.

Paladin, AU000000PDN8, Illustration mit AI erstellt.

Paladin Energy stock (ISIN AU000000PDN8) received an upgrade from Accumulate to Buy by Morgans, which set a 12-month target of AUD 13.10. The change was reported by The Motley Fool on October 15, 2026. At Lang & Schwarz, Paladin traded at EUR 4.57 on October 20, 2026 at 8:21 p.m. CEST, up 2.23 percent versus the Stuttgart close of October 19, 2026 at EUR 4.47.

September quarter sets the tone

Paladin produced 1.00 million pounds of uranium at the Langer Heinrich mine in the September 2026 quarter, below consensus of 1.16 million pounds. Uranium sales reached 1.16 million pounds against consensus of 1.13 million pounds, according to The Motley Fool.

The quarter also showed a stronger realized price. Paladin's uranium price rose 12.00 percent to a record USD 79.40 per pound at Langer Heinrich, while the planned July plant shutdown and weaker recovery rates weighed on production.

What does the target imply?

Morgans' AUD 13.10 target stood 90.13 percent above the AUD 6.89 share price cited on October 15, 2026. The comparison is in Australian dollars and is separate from the euro quotation at Lang & Schwarz.

The production shortfall therefore sits beside a more supportive pricing signal. Morgans said mining performance improved after the shutdown, while its upgrade reflected recent share-price weakness and the broker's assessment of the risk-reward balance.

Next date is November 17

Paladin's annual general meeting will take place on November 17, 2026, in Perth. The date was reported by Yahoo Finance on October 15, 2026. The September-quarter report was released on October 13, 2026, and covered the period ending September 30, 2026, according to GlobeNewswire.

Euro price stays above Stuttgart close

Paladin Energy was trading at EUR 4.57 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST, 2.23 percent above the Stuttgart close of October 19, 2026 at EUR 4.47. The quote places the stock above the prior German-market level while the Australian-dollar target remains the stronger valuation reference.

The further course of trading is shown by the continuously updated real-time quote of Paladin Energy stock.