Paladin Energy (OTCMKTS:PALAF) Shares Gap Up – What’s Next?

Paladin Energy Ltd. (OTCMKTS:PALAF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.03, but opened at $9.50. Paladin Energy shares last traded at $9.11, with a volume of 7,911 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on Paladin Energy in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $9.05 target price on the stock. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.05.

Paladin Energy Price Performance

The stock has a 50 day moving average of $6.37 and a two-hundred day moving average of $5.54. 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 firm has a market capitalization of $4.22 billion, a P/E ratio of -78.33 and a beta of 1.34.

Paladin Energy (OTCMKTS:PALAF) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.02) EPS for the quarter. The business had revenue of $35.97 million during the quarter, compared to the consensus estimate of $35.98 million. Sell-side analysts predict 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.