Paladin Energy (OTCMKTS:PALAF) Reaches New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

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

Paladin Energy Stock Up 4.3%

The company’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.38. The firm has a market cap of $3.36 billion, a PE ratio of -62.33 and a beta of 1.34. The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22.

Paladin Energy (OTCMKTS:PALAF) last announced its earnings results on Wednesday, November 12th. The company reported ($0.02) EPS for the quarter. The company had revenue of $35.97 million during the quarter, compared to the consensus estimate of $35.98 million. On average, equities research analysts expect that Paladin Energy Ltd. will post 0.06 EPS for the current fiscal 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.