Paladin Energy (OTCMKTS:PALAF) Hits New 52-Week High – Still a Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $6.78 and last traded at $6.70, with a volume of 6619 shares changing hands. The stock had previously closed at $6.30.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on Paladin Energy in a report on Wednesday, December 17th. They set a “neutral” rating and a $9.05 target price on the stock. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.05.

Paladin Energy Stock Up 6.3%

The company has a quick ratio of 1.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $5.22. The firm has a market cap of $3.01 billion, a P/E ratio of -55.83 and a beta of 1.34.

Paladin Energy (OTCMKTS:PALAF) last announced its earnings results on Wednesday, November 12th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $35.97 million for the quarter, compared to the consensus estimate of $35.98 million. As a group, research analysts forecast that Paladin Energy Ltd. will post 0.06 EPS for the current fiscal year.

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.