Australia's Paladin hits over-a-year low as Citi blames weaker recovery for production miss

** Shares of Australia's Paladin Energy PDN.AX fall as much as 6.3% to A$6.820, hitting their lowest level since August 22, 2025

** Citi says uranium miner Paladin's PDN.AX 1QFY27 production missed its expectations due to weaker recoveries

** Notes PDN reiterating its FY27 outlook, with improving recoveries and grades expected to support a production recovery weighted to the second half of FY27

** Says it is disappointed by weaker cash generation due to lower receipts and higher costs, but continues to see limited funding risk for PLS

** Adds that management remains open to a strategic partner, which Citi believes could unlock value beyond funding benefits

** Brokerage maintains "buy" rating on the stock

** Meanwhile, Jefferies cuts target price to A$12 from A$14.50; says FY27 guidance now requires improvement to be sustained alongside higher throughput

** YTD, stock down 26.2%, including the session's moves