PENINSULA ENERGY LIMITED (PEN)
Share Price Analysis and Chart

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27/07/2026

1

Buy

$0.81

184.21%

Shaw and Partners retains a Buy rating for Peninsula Energy with its target price reduced to $0.81 from $1.93 following the withdrawal of 2026 uranium production guidance at the Lance project.

Early commissioning delays involving precipitation circuit agitators and pipeline gas build-up interrupted short-term production, though 2027 output expectations of 500klb to 600klb remain intact.

Applying a -50% discount to the discounted cash flow model captures temporary operational uncertainty whilst the company resolves wellfield flow constraints at Mine Unit 4.

Balance sheet liquidity remains strong, supported by US$47.1m in cash alongside a US$56m equity and convertible debt funding package.

The analyst considers current share price weakness an attractive entry point to acquire a highly strategic US domestic uranium asset trading at a heavy discount to North American peers.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -3.50 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.30 cents.