North American Palladium (OTCMKTS:PALDF) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of North American Palladium (OTCMKTS:PALDF) from a hold rating to a buy rating in a research note issued to investors on Saturday, ValuEngine reports.

Separately, BMO Capital Markets began coverage on North American Palladium in a research note on Thursday, May 16th. They set an outperform rating for the company.

PALDF stock opened at $10.90 on Friday. The stock’s fifty day simple moving average is $8.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 2.59. The firm has a market capitalization of $635.25 million, a PE ratio of 7.59 and a beta of 1.90. North American Palladium has a 52-week low of $6.62 and a 52-week high of $19.91.

North American Palladium (OTCMKTS:PALDF) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $96.50 million during the quarter. North American Palladium had a return on equity of 20.31% and a net margin of 33.05%.

North American Palladium Company Profile

North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, gold, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine that is located to the northwest of Thunder Bay, Ontario. The company was founded in 1968 and is headquartered in Toronto, Canada.

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