Paladin Energy (OTCMKTS:PALAF) Stock Bumped Up to Strong-Buy by Zacks Research

Paladin Energy (OTCMKTS:PALAF – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

A number of other analysts have also weighed in on PALAF. The Goldman Sachs Group upgraded Paladin Energy from a “sell” rating to a “neutral” rating and set a $10.20 target price on the stock in a research note on Thursday. Royal Bank Of Canada upgraded shares of Paladin Energy from a “hold” rating to an “outperform” rating in a report on Tuesday, June 30th. One 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’s stock. According to data from MarketBeat, Paladin Energy currently has a consensus rating of “Buy” and a consensus price target of $10.20.

Get Paladin Energy alerts:

Read Our Latest Report on PALAF

Paladin Energy Stock Performance

Shares of OTCMKTS:PALAF opened at $5.98 on Thursday. Paladin Energy has a 1 year low of $4.65 and a 1 year high of $10.50. The business has a 50 day simple moving average of $7.35 and a two-hundred day simple moving average of $7.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.65 and a current ratio of 3.68.

Paladin Energy (OTCMKTS:PALAF – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. Paladin Energy had a return on equity of 0.13% and a net margin of 0.45%. The firm had revenue of $106.00 million for the quarter, compared to the consensus estimate of $106.00 million. Equities analysts anticipate that Paladin Energy will post 0.05 EPS for the current year.

About Paladin Energy

(Get Free Report)

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.

Read More

• Five stocks we like better than Paladin Energy
• MarketBeat Week in Review – 10/05 – 10/09
• Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
• Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
• Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform

Receive News & Ratings for Paladin Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paladin Energy and related companies with MarketBeat.com's FREE daily email newsletter.