Paladin Energy (PALAF) to Announce Earnings on Tuesday

Paladin Energy (OTCMKTS:PALAF) is anticipated to release its resultson Tuesday, July 21st. Analysts expect the company to post earnings of ($0.03) per share and revenue of $103.30 million for the quarter.

Paladin Energy Trading Down 3.8%

Shares of Paladin Energy stock opened at $6.08 on Friday. The firm’s 50 day moving average is $7.27 and its 200 day moving average is $8.02. The firm has a market capitalization of $2.73 billion, a PE ratio of -121.70 and a beta of 1.35. Paladin Energy has a 1 year low of $3.81 and a 1 year high of $10.50. The company has a current ratio of 5.69, a quick ratio of 4.12 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PALAF. The Goldman Sachs Group lowered 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 report on Thursday, June 18th. Royal Bank Of Canada upgraded shares of Paladin Energy from a “hold” rating to an “outperform” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.70.

About Paladin Energy

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.