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

Paladin Energy Ltd. (OTCMKTS:PALAF) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $7.74 and last traded at $7.42, with a volume of 17000 shares changing hands. The stock had previously closed at $7.17.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Paladin Energy in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 price objective for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.05.

Paladin Energy Price Performance

The company has a 50-day moving average of $5.98 and a 200 day moving average of $5.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.53 and a current ratio of 2.53. The firm has a market cap of $3.32 billion, a P/E ratio of -61.50 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 (EPS) for the quarter. The business had revenue of $35.97 million during the quarter, compared to the consensus estimate of $35.98 million. On average, sell-side analysts anticipate that Paladin Energy Ltd. will post 0.06 EPS 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.