** Jefferies reduces its production forecast for Australian uranium producer Paladin Energy's PDN.AX Langer Heinrich mine in Namibia following the suspension of mine after flash flooding
** Jefferies says full-year production forecast is decreased to 2.8 million pounds, lower than the company's guidance of 3 to 3.6 million pounds and Visible Alpha Consensus estimate of 3.2 million pounds
** Brokerage notes that acceleration of fresh ore mining is unlikely, and there could be further delays from the expected timeline of the June quarter
** However, any resolution to the current disruption in Namibian uranium supply could alleviate recent financial institution selling pressures, says Jefferies
** Scenario analysis by Citi indicates a potential worst-case impact of a 2.1% drop in net present value
** Jefferies reiterates 'buy' rating with a revised price target of A$8.50, down from A$9
** Stock down 13.2% YTD
(Reporting by Kumar Tanishk in Bengaluru; Editing by Nia Williams)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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