Paladin Energy Ltd. (OTCMKTS:PALAF – Get Free Report)’s stock price was down 17.4% during mid-day trading on Thursday. The company traded as low as $4.84 and last traded at $4.84. 6,944 shares traded hands during trading, a decline of 89% from the average session volume of 61,301 shares. The stock had previously closed at $5.86.
Wall Street Analysts Forecast Growth
PALAF has been the topic of a number of recent research reports. The Goldman Sachs Group raised Paladin Energy from a “sell” rating to a “neutral” rating and set a $10.20 price objective on the stock in a report on Thursday, October 8th. Zacks Research raised Paladin Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada upgraded Paladin Energy from a “hold” rating to an “outperform” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Paladin Energy has a consensus rating of “Buy” and an average price target of $10.20.
Read Our Latest Report on Paladin Energy
Paladin Energy Stock Performance
Paladin Energy (OTCMKTS:PALAF – Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $106.00 million during the quarter, compared to the consensus estimate of $106.00 million. Paladin Energy had a net margin of 0.45% and a return on equity of 0.13%. As a group, research analysts forecast that Paladin Energy Ltd. will post 0.05 EPS for the current fiscal year.
Paladin Energy Company Profile
Paladin Energy Ltd. is an Australian uranium company focused on the exploration, development and operation of uranium assets. Its principal product is uranium oxide concentrate, which is used as fuel in nuclear power generation.
The company’s flagship asset is the Langer Heinrich Uranium Project in Namibia’s Erongo region. The mine began commercial production in 2007 and was placed on care and maintenance in 2018 before Paladin completed a restart program. Production resumed in 2024, making Langer Heinrich the company’s primary operating asset.
Paladin also holds uranium exploration and development interests in Australia and Canada.
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