314 GMT [Dow Jones] STOCK CALL: JPMorgan upgrades Paladin (PDN.AU) to Overweight from Neutral, with a price target of A$3.25 vs A$2.55 previously, while downgrading ERA (ERA.AU) to Neutral from Overweight, with a target of A$2.70 from A$2.60 previously. That follows delays to uranium project developments following the Fukushima accident, which have led JPMorgan to upgrade its
uranium price forecasts by
5% to US$63 in 2012,
17% to US$70 in 2013,
21% to US$85 in 2014
25% to US$70 in 2015.
The broker has upgraded PDN due to its leverage to commodity prices, open share register and improving operations. ERA has been downgraded due to a preference for Paladin and a lack of positive catalysts for ERA. PDN is up 4% at A$1.44, ERA is up 2.2% at A$1.175. ([email protected])
jpmorgan rates pdn overweight 11/1/2012
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Last
$10.16 |
Change
-0.040(0.39%) |
Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |