Paladin Energy (OTCMKTS:PALAF – Get Free Report) issued its earnings results on Tuesday. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04, Zacks reports. The business had revenue of $106.00 million during the quarter, compared to the consensus estimate of $106.00 million. Paladin Energy had a negative return on equity of 1.90% and a negative net margin of 7.08%.
Paladin Energy Stock Up 0.1%
Shares of OTCMKTS:PALAF opened at $8.70 on Thursday. Paladin Energy has a 52-week low of $4.65 and a 52-week high of $10.50. The firm has a market capitalization of $3.91 billion, a P/E ratio of -174.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.12 and a current ratio of 5.69. The stock has a 50 day moving average price of $6.96 and a 200-day moving average price of $7.87.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports 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 cut shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 target price on the stock. in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.70.
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.
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