triple from here?

It is according to CIBC World Markets who released their report this morning. PDN is rated Sector Outperform with a price target of $3.70. GLTA


Paladin Energy Ltd.
CQ4 Production And Sales Results Well Ahead Of Our Expectations
Paladin offers investors deep value at 0.8x NAV compared to peer avg. of 1.4x NAV. With consistent quarterly production results, we believe the stock will re-rate closer to its peers. Now that expansion activities have ceased and the focus is on incremental improvement and costs, this is more likely.
Production in the quarter totaled 2.19MM lbs., above our expectations of 2.01MM lbs. and up 14% versus CQ3. Production at Langer Heinrich totaled 1.419MM lbs., well above our expectations of 1.296MM lbs., mostly due to higher-than-expected throughput at the mine.
Kayelekera produced 772,280 lbs. in CQ4, above our estimate of 716,186 lbs. Higher throughput, grades, and recoveries led to the beat. Sales volumes were stronger than expected, totaling 2.78MM lbs. However, the realized price in CQ4 of $48.10/lb. was well below our estimate of $57/lb.
F2013 guidance was maintained at 8.0MM-8.5MM lbs. With M&A activity starting to pick up in the uranium sector and limited options to acquire existing production, we believe Paladin may become the next likely target for an acquisition, with Cameco or Rio Tinto the likely suitors in our opinion