take comfort in these views?

Broker assessments of the quarterly....
(pray Patersons the outlier is wrong)

CITI
Production in the March quarter was broadly as Citi had forecast but lower guidance from management for the full year means a trimming in estimates. Price target is unchanged.

The ability to generate cash will be important in coming months in Citi's view but post the quarterly a Buy rating is retained given the potential for asset sales to price up value in the group.

BA-ML
March quarter production was lower than expected but BA-ML expected sales in the June quarter should allow for some catch up. Given this, the broker makes only minor changes to its model.

With price target unchanged the broker retains a Buy rating on valuation grounds.

JP MORGAN
If you listen carefully you can almost hear analysts at JP Morgan sigh: yet another disappointing quarter from Paladin Energy. The flipside is that Paladin has the highest leverage to uranium spot prices and since JP Morgan has a positive view on where the price for uranium is heading, the analysts cannot but retain their Overweight rating for the stock.

Management has lowered production guidance for the full year and JP Morgan notes the impact on valuation for the stock is actually quite modest. The positive in-house view on uranium prices is based upon the fact that today's low prices will lead to potential supply dropping out and this will ultimately tighten the market and push prices higher.