Paladin Energy (OTCMKTS:PALAF – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04, Zacks reports. Paladin Energy had a negative return on equity of 1.90% and a negative net margin of 7.08%.The company had revenue of $106.00 million during the quarter, compared to the consensus estimate of $106.00 million.
Paladin Energy Trading Up 0.1%
Shares of PALAF opened at $8.70 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.12 and a current ratio of 5.69. The company has a market cap of $3.91 billion, a price-to-earnings ratio of -174.06 and a beta of 1.36. The stock has a fifty day moving average price of $6.96 and a two-hundred day moving average price of $7.87. Paladin Energy has a 52-week low of $4.65 and a 52-week high of $10.50.
Analyst Ratings Changes
Several research firms have recently weighed in 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 lowered shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 price target on the stock. in a research report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.70.
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.
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