Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – Time to Buy?

Shares of Paladin Energy Ltd. (OTCMKTS:PALAF) gapped up before the market opened on Friday . The stock had previously closed at $6.5220, but opened at $6.76. Paladin Energy shares last traded at $6.52, with a volume of 10,546 shares traded.

Analyst Ratings Changes

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

Paladin Energy Price Performance

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 company’s 50 day moving average price is $5.54 and its 200-day moving average price is $5.14. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -54.17 and a beta of 1.53.

Paladin Energy (OTCMKTS:PALAF) last released its earnings results on Wednesday, November 12th. The company reported ($0.02) EPS for the quarter. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $35.98 million. On average, equities 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.