Shares of Paladin Energy Ltd. (OTCMKTS:PALAF – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.86 and traded as high as $7.45. Paladin Energy shares last traded at $7.33, with a volume of 20,213 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on PALAF. Royal Bank Of Canada upgraded shares of Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group lowered shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 target price on the stock. in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.70.
Get Our Latest Stock Analysis on PALAF
Paladin Energy Stock Up 4.1%
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.
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