Paladin Energy (OTCMKTS:PALAF) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Paladin Energy (OTCMKTS:PALAF) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks reports.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group raised Paladin Energy from a “sell” rating to a “neutral” rating and set a $10.20 price target for the company in a research report on Thursday. Royal Bank Of Canada raised Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $10.20.

Paladin Energy Trading Down 1.9%

Shares of OTCMKTS PALAF opened at $5.98 on Thursday. 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 has a 52 week low of $4.65 and a 52 week high of $10.50. The business has a 50 day simple moving average of $7.35 and a 200 day simple moving average of $7.56.

Paladin Energy (OTCMKTS:PALAF) last released its quarterly earnings results on Tuesday, August 25th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $106.00 million for the quarter, compared to the consensus estimate of $106.00 million. Paladin Energy had a net margin of 0.45% and a return on equity of 0.13%. As a group, sell-side analysts forecast that Paladin Energy will post 0.05 earnings per share for the current fiscal year.

About Paladin Energy

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.