Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Still a Buy?

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped up before the market opened on Friday . The stock had previously closed at $5.5680, but opened at $5.81. Paladin Energy shares last traded at $6.10, with a volume of 20,360 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on Paladin Energy in a research report on Wednesday. They set a “neutral” rating and a $9.05 price target on the stock. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Paladin Energy currently has a consensus rating of “Hold” and an average target price of $9.05.

Paladin Energy Stock Up 14.0%

The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -52.92 and a beta of 1.53. The company has a quick ratio of 1.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average price is $5.50 and its 200 day moving average price is $5.06.

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