Paladin Energy (OTCMKTS:PALAF) Shares Gap Down – Here’s What Happened

Paladin Energy Ltd. (OTCMKTS:PALAF) gapped down prior to trading on Monday . The stock had previously closed at $8.07, but opened at $7.76. Paladin Energy shares last traded at $8.10, with a volume of 8,445 shares.

Wall Street Analysts Forecast Growth

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

Paladin Energy Stock Up 0.7%

The company has a current ratio of 2.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.88 billion, a PE ratio of -72.00 and a beta of 1.36. The business’s 50-day simple moving average is $7.28 and its 200 day simple moving average is $5.88.

Paladin Energy (OTCMKTS:PALAF) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $35.97 million for the quarter, compared to analysts’ expectations of $35.98 million. As a group, equities research analysts expect that Paladin Energy Ltd. will post 0.06 earnings per share for the current 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.