Paladin Energy (OTCMKTS:PALAF) Hits New 1-Year High – What’s Next?

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.9675 and last traded at $8.80, with a volume of 274065 shares trading hands. The stock had previously closed at $7.65.

Analyst Ratings Changes

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

Paladin Energy Stock Up 0.9%

The stock’s 50-day moving average price is $6.30 and its 200-day moving average price is $5.50. The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -75.25 and a beta of 1.34.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $35.97 million for the quarter, compared to the consensus estimate of $35.98 million. On average, sell-side analysts expect that Paladin Energy Ltd. will post 0.06 earnings per share for the current year.

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.