Paladin Energy Ltd. (OTCMKTS:PALAF – Get Free Report) shares gapped up before the market opened on Monday. The stock had previously closed at $5.10, but opened at $5.50. Paladin Energy shares last traded at $5.6950, with a volume of 6,131 shares traded.
Analysts Set New Price Targets
PALAF has been the topic of several research analyst reports. The Goldman Sachs Group upgraded 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 upgraded Paladin Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $10.20.
Check Out Our Latest Stock Report on PALAF
Paladin Energy Trading Up 8.0%
The company’s 50 day simple moving average is $6.38 and its 200 day simple moving average is $7.59. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 190.73 and a beta of 1.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.68 and a quick ratio of 2.65.
Paladin Energy (OTCMKTS:PALAF – Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $0.01 earnings per share 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 analyst estimates of $106.00 million. Paladin Energy had a return on equity of 1.06% and a net margin of 3.07%. As a group, research analysts expect that Paladin Energy Ltd. will post 0.06 earnings per share for the current fiscal year.
Paladin Energy Company Profile
Paladin Energy Ltd. is an Australian uranium company focused on the development, mining and production of uranium for the nuclear power industry. Its principal operating asset is the Langer Heinrich Mine in Namibia, which began commercial production in 2007, was placed on care and maintenance in 2018, and resumed production in 2024. The mine produces uranium oxide concentrate, commonly known as yellowcake.
Paladin also owns the Patterson Lake South uranium project in Saskatchewan, Canada, which it acquired through its 2024 acquisition of Fission Uranium.
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