Paladin Energy (OTCMKTS:PALAF) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Paladin Energy (OTCMKTS:PALAF) announced its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04, Zacks reports. The company had revenue of $106.00 million during the quarter, compared to analysts’ expectations of $106.00 million. Paladin Energy had a negative return on equity of 1.90% and a negative net margin of 7.08%.

Paladin Energy Price Performance

Shares of OTCMKTS 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 capitalization of $3.91 billion, a price-to-earnings ratio of -174.06 and a beta of 1.36. The company has a 50 day simple moving average of $6.96 and a two-hundred day simple moving average of $7.87. Paladin Energy has a fifty-two week low of $4.65 and a fifty-two week high of $10.50.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PALAF. Royal Bank Of Canada raised Paladin Energy from a “hold” rating to an “outperform” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group cut shares of Paladin Energy from a “neutral” rating to a “sell” rating and set a $9.70 target price on the stock. in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.