PDN – ABN Amro rates the stock as Hold

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As expected, Langer Heinrich has experienced the odd teething problem, but this has not deterred either PDN or the broker. Production will be slightly less, but in the meantime the broker has increased the target from $6.47 to $8.60 on a US$95/lb uranium forecast. Sector: Materials.

Target price is $8.60. Current Price is $8.67. Difference: ($0.07) – (brackets indicate current price is over target). If PDN meets the ABN Amro target it will return approximately -1% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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