Paladin Energy Ltd. (OTCMKTS:PALAF – Get Free Report)’s share price dropped 5.7% during mid-day trading on Thursday. The stock traded as low as $6.1480 and last traded at $6.1480. Approximately 2,778 shares changed hands during trading, a decline of 95% from the average daily volume of 60,400 shares. The stock had previously closed at $6.52.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Royal Bank Of Canada raised shares of Paladin Energy from a “hold” rating to an “outperform” rating in a report on Tuesday, June 30th. The Goldman Sachs Group raised shares of Paladin Energy from a “sell” rating to a “neutral” rating and set a $10.20 target price for the company in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.20.
Check Out Our Latest Research Report on Paladin Energy
Paladin Energy Price Performance
Paladin Energy (OTCMKTS:PALAF – Get Free Report) last released its quarterly earnings data on Tuesday, August 25th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $106.00 million for the quarter, compared to the consensus estimate of $106.00 million. Paladin Energy had a return on equity of 0.13% and a net margin of 0.45%. Research analysts predict that Paladin Energy Ltd. will post 0.05 earnings per share for the current year.
About Paladin Energy
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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