Paladin Energy (OTCMKTS:PALAF) Sets New 1-Year High – Still a Buy?

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.9675 and last traded at $8.80, with a volume of 274065 shares traded. The stock had previously closed at $7.65.

Analysts Set New Price Targets

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 price target for the company. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.05.

Paladin Energy Trading Up 15.0%

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 business has a 50-day simple moving average of $6.14 and a 200-day simple moving average of $5.45. The company has a market cap of $3.95 billion, a PE ratio of -73.33 and a beta of 1.34.

Paladin Energy (OTCMKTS:PALAF) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $35.97 million during the quarter, compared to analyst estimates of $35.98 million. On average, analysts predict that Paladin Energy Ltd. will post 0.06 EPS for the current fiscal year.

Paladin Energy Company Profile

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.