Global Energy Roundup: Market Talk
The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.
0446 GMT - Paladin Energy's Patterson Lake South uranium project already contributes more to Macquarie's valuation of the stock than the company's operating Langer Heinrich mine. "And with time passage and resource growth, this gap looks set to expand further," says the bank. Recent drill results have increased management's confidence in PLS resource growth, and Paladin has time to consider offtake strategies, Macquarie says. It upgrades the stock to outperform from neutral and raises its target by 7% to A$13.85/share. The stock is up 4.2% at A$11.58. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
September 03, 2026 00:46 ET (04:46 GMT)
