Bell Potter Q2 Forecast Bell Potter expects Paladin Energy ((PDN)) to announce 2Q25 results on January 22, forecasting Langer Heinrich production of 0.54mlbs, reflecting growth of 15% versus 1Q25 when production issues were encountered.
The broker views the resolution of the Fission acquisition in December as positive for sentiment but highlights resolving Langer Heinrich production issues remains ongoing.
Downside price volatility in December and deferred supply-side investment decisions, such as by Deep Yellow, increase the potential for uranium supply shortages.
The Buy rating is retained, and the target price is raised to $10.50 from $9.70, following changes to production estimates. FY25 earnings forecasts are lowered due to weaker-than-expected December uranium prices.