Paladin Energy (OTCMKTS:PALAF) Hits New 1-Year High – Still a Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF) hit a new 52-week high during trading on Friday . The stock traded as high as $7.74 and last traded at $7.42, with a volume of 17000 shares traded. The stock had previously closed at $7.17.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on Paladin Energy in a research report on Wednesday, December 17th. They set a “neutral” rating and a $9.05 price objective on the stock. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.05.

Paladin Energy Price Performance

The firm’s 50 day moving average is $5.94 and its 200 day moving average is $5.38. The firm has a market cap of $3.36 billion, a P/E ratio of -62.33 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $35.97 million during the quarter, compared to the consensus estimate of $35.98 million. As a group, analysts anticipate that Paladin Energy Ltd. will post 0.06 earnings per share for the current year.

About Paladin Energy

Paladin Energy Ltd is an Australia‐based company engaged in the exploration, development and production of uranium concentrate for the global nuclear power industry. Primarily known for mining uranium oxide (U3O8), Paladin supplies a key fuel source used by utilities to generate low-carbon electricity. The company’s securities are traded on the OTC Markets under the ticker PALAF, alongside listings on the Australian Securities Exchange and the Toronto Stock Exchange.

Paladin’s flagship operation is the Langer Heinrich mine in Namibia, which recommenced production in 2021 following a period of care and maintenance.