Weak uranium market
DJ MARKET TALK: Uranium Weakness Drags Paladin Dow Jones Commodities Service 19 July 2010, RBS downgrades Paladin Energy (PDN.AU) to Sell from Hold, target price moved to A$3.20 vs previous A$3.52 and yesterday’s A$3.61 close after June quarter production report. ….. “We would need to see some life in the spot uranium market to change our investment view on PDN, as the stock is likely to go sideways or down while the uranium market remains weak.” (david.fickling@dowjones.com)
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