Australia's Paladin remains Jefferies' top pick among uranium miners; stock rises

Boss Energy

04/12/2025 24:50

Updates

** Paladin Energy PDN.AX, Boss Energy BOE.AX rise as much as 3.5% and 3%, respectively

** Jefferies says term contracting volumes for uranium surged in last six weeks through November, erasing months of sluggish activity

** Highlights seasonal weakness into holiday period; says spot price bifurcation remains headwind into year end, but not reflective of underlying uranium fuel cycle fundamentals

** Remains constructive on sector's outlook for H1 2026 from supply security, production constraints, policy support

** Adds Paladin Energy preferred uranium exposure, while expectations on Boss Energy remain subject to co's impending independent operational review outcomes

** YTD, PDN gains 13.1%, BOE slips 29.8%

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com))