S&P/ASX 200 Index (ASX: XJO) uranium stock Paladin Energy Ltd (ASX: PDN) is tumbling today.
Paladin shares closed yesterday trading for $8.17. In morning trade on Wednesday, shares are swapping hands for $7.68 apiece, down 6.0%.
This sees the Paladin Energy share price down 36.3% since this time last year. But investors who bought the uranium miner at the recent lows on 22 April will still be sitting on gains of 93.0%.
Today's sell down follows the release of Paladin's June quarterly update (Q4 FY 2025).
Here's what investors are considering.
ASX 200 uranium stock hit amid falling sales and prices
The Paladin share price is under pressure despite the miner achieving a 33% increase in quarter-on-quarter production at its Langer Heinrich Mine (LHM), located in Namibia.
Over the three months, the miner produced 993,843 pounds of U3O8 (uranium oxide), bringing the full-year FY 2025 uranium production to 3,017,415 pounds.
But the ASX 200 uranium stock looks to be under pressure today, with Q4 sales coming in at 710,051 pounds, down from 872,435 pounds in Q3. FY 2025 uranium sales totalled 2,705,693 pounds.
And the average realised price Paladin received for its yellowcake was down 20.5% quarter on quarter to US$55.60 per pound. The average price across FY 2025 was US$65.70 per pound.
Still, the quarter saw Paladin mark its highest three-month crusher circuit throughput in the history of the LHM operations.
And in Canada, the miner's Final Environmental Impact Statement for its Patterson Lake South Project (PLS) was formally accepted by the Saskatchewan Ministry of Environment.
On the management front, Paul Hemburrow (currently COO) was appointed managing director and CEO. Hemburrow will take over the reins on 1 September.
Turning to the balance sheet, the ASX 200 uranium stock had cash and cash equivalents of US$89 million and an undrawn US$50 million revolving debt facility as at 30 June.
What did management say?
Commenting on the quarterly results that have yet to lift the ASX 200 uranium stock today, Hemburrow said, "The Langer Heinrich team continued to deliver exceptional progress during the quarter as we recorded the highest production result since our restart in March 2024."
Hemburrow added:
The production result and all-time record crusher performance have been achieved off the back of a successful restart of mining operations, with mining now well established in the G pit area.
At the Patterson Lake South project, the Final Environmental Impact Statement (EIS) was formally accepted by the Saskatchewan Ministry of Environment, and we have delivered exceptional winter drilling results, which enhanced our understanding of the Saloon Trend and reinforced the long-term strategic value of the project.
What's next for the ASX 200 uranium stock?
Looking at what could impact the Paladin share price in the year ahead, the ASX 200 uranium stock said it expects to produce between 4.0 million and 4.4 million pounds of uranium in FY 2026.
Paladin expects uranium sales in the range of 3.8 million to 4.2 million pounds.
Production cost guidance for FY 2026 is between US$44 and US$48 per pound.
Management forecasts capital and exploration expenditure of US$26 million to US$32 million.
