Zacks Research Upgrades Paladin Energy (OTCMKTS:PALAF) to “Strong-Buy”

Paladin Energy (OTCMKTS:PALAF) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Several other equities analysts have also issued reports on PALAF. Royal Bank Of Canada raised shares of Paladin Energy from a “hold” rating to an “outperform” rating in a report on Tuesday, June 30th. The Goldman Sachs Group raised Paladin Energy from a “sell” rating to a “neutral” rating and set a $10.20 target price on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Paladin Energy presently has an average rating of “Buy” and a consensus target price of $10.20.

Paladin Energy Price Performance

Shares of Paladin Energy stock opened at $5.98 on Thursday. The company has a current ratio of 3.68, a quick ratio of 2.65 and a debt-to-equity ratio of 0.13. Paladin Energy has a 1 year low of $4.65 and a 1 year high of $10.50. The firm’s 50-day moving average is $7.35 and its two-hundred day moving average is $7.56.

Paladin Energy (OTCMKTS:PALAF) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. Paladin Energy had a net margin of 0.45% and a return on equity of 0.13%. The business had revenue of $106.00 million during the quarter, compared to analyst estimates of $106.00 million. As a group, sell-side analysts anticipate that Paladin Energy will post 0.05 EPS for the current fiscal year.

Paladin Energy Company Profile

Paladin Energy Ltd. is an Australian uranium company focused on the exploration, development and operation of uranium assets. Its principal product is uranium oxide concentrate, which is used as fuel in nuclear power generation.

The company’s flagship asset is the Langer Heinrich Uranium Project in Namibia’s Erongo region. The mine began commercial production in 2007 and was placed on care and maintenance in 2018 before Paladin completed a restart program. Production resumed in 2024, making Langer Heinrich the company’s primary operating asset.

Paladin also holds uranium exploration and development interests in Australia and Canada.