Paladin Energy Ltd. (OTCMKTS:PALAF – Get Free Report)’s share price shot up 5% during mid-day trading on Tuesday . The stock traded as high as $7.72 and last traded at $7.70. Approximately 1,149 shares were traded during trading, a decline of 98% from the average daily volume of 66,872 shares. The stock had previously closed at $7.3335.
Analysts Set New Price Targets
A number of research firms recently issued reports on PALAF. The Goldman Sachs Group downgraded shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 target price for the company. in a research report on Thursday, June 18th. Royal Bank Of Canada raised 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 Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.70.
View Our Latest Stock Analysis on Paladin Energy
Paladin Energy Trading Down 3.0%
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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