Paladin Energy (OTCMKTS:PALAF) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Paladin Energy (OTCMKTS:PALAF) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Paladin Energy Stock Up 11.7%

PALAF opened at $6.22 on Wednesday. The stock’s 50 day moving average price is $5.51 and its 200 day moving average price is $5.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.53 and a quick ratio of 1.53. The stock has a market cap of $2.48 billion, a P/E ratio of -51.83 and a beta of 1.53. Paladin Energy has a 12 month low of $2.33 and a 12 month high of $6.75.

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