GOOD FIND BY TOBTOBPaladin Energy Given New $2.90 Price Target...

GOOD FIND BY TOBTOB

Paladin Energy Given New $2.90 Price Target at Dundee Securities (PDN)
August 16th, 2012 • by ABMN Staff

Research analysts at Dundee Securities increased their target price on shares of Paladin Energy (TSE: PDN) from $2.65 to $2.90 in a report released on Thursday. The firm currently has a “buy” rating on the stock.

Paladin Energy remained flat at $1.51 during trading on Thursday. Paladin Energy has a 52-week low of $1.07 and a 52-week high of $2.29. The company’s market cap is $1.175 billion.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Paladin Energy from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday. Analysts at Raymond James cut their price target on shares of Paladin Energy from $1.80 to $2.20 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock.

Paladin Energy Ltd (Paladin) is a uranium production company with projects in Australia and two operating mines in Africa.

http://www.americanbankingnews.com/2012/08/16/paladin-energy-given-new-2-90-price-target-at-dundee-securities-pdn/

----------------------------------------------------ENDS
TOMORROWS SHORTS FROM asic should be of interest as on the 22/08/2012 total VOLUME TURNOVER WAS 9,746,776

ON THE 15 AND 16TH OF AUGUST WE SAW HIGH VOLUME days and when ASIC released the shorts for that day the total shorts had fallen by
-3,923,254
and
-4,134,752
respectively

AAs of the 21/08/2012 total ASIC reported shorts stood at 64,717,211 or 7.74%

on 20/07/2012 total shorts were 78,113,711 or 9.35 %

so in one MONTH we have seen a "disclosed" DECREASE of

13,396,500 shorts.......down from 9.35% to 7.74%

and as we have seen previously there is NO GUARANTEE THAT ALL CLOSED OUT short positions have been disclosed

the price has been stuck in a tight range since the day after the canada deal was announced....

So I feel this is well manipulated in order to shift stock in an orderly manner......

1 FINANCIAL REPORT DUE AND it should be this week.....
and
2 other deals under consideration......

Now Pdn is out to make the best possible deals from its new position of strength

NO balance sheet problems now...
No more cash outlay on infrastructure.....

Just mining,processing and selling URANIUM
in a market that this is desperate to lock in future supplies.....

when they let this one break away it will be back to those 30c+ a day rises.....

good luck

al1