Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – What’s Next?

Paladin Energy Ltd. (OTCMKTS:PALAFGet Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $8.0335, but opened at $7.70. Paladin Energy shares last traded at $7.70, with a volume of 24,094 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PALAF shares. The Goldman Sachs Group cut Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price objective on the stock. in a report on Thursday, June 18th. Royal Bank Of Canada upgraded Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.70.

View Our Latest Stock Analysis on PALAF

Paladin Energy Stock Performance

The company’s 50-day moving average is $7.29 and its 200-day moving average is $7.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.69 and a quick ratio of 4.12.

Paladin Energy (OTCMKTS:PALAFGet Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. The firm had revenue of $106.00 million during the quarter, compared to analyst estimates of $106.00 million. Paladin Energy had a net margin of 0.45% and a return on equity of 0.13%. As a group, equities research analysts anticipate that Paladin Energy Ltd. will post 0.04 EPS for the current year.

Paladin Energy Company Profile

(Get Free Report)

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.

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